Bloomberg News

Indian Refiners Increase Crude Oil Processing for 10th Month

October 25, 2011

Oct. 25 (Bloomberg) -- Indian Oil Corp. and Hindustan Petroleum Corp. led refiners in boosting the country’s crude processing for the 10th straight month in September.

Refiners turned 12.7 million metric tons of crude into fuels, 4.4 percent higher than a year earlier, the oil ministry said in a statement in New Delhi today.

Processing by state-owned Indian Oil, the nation’s largest refiner, rose 21 percent to 4.1 million tons after its plant at Haldia in West Bengal state increased production by 86 percent. Hindustan Petroleum, based in Mumbai, raised output 34 percent to 1.4 million tons.

Reliance Industries Ltd., operator of the world’s biggest refining complex, processed 2.9 million tons, an increase of 7.4 percent. Smaller rival Essar Oil Ltd. cut output 42 percent. Reliance didn’t provide data for its newer, 29 million ton-a- year refinery, according to the ministry.

--Editors: John Chacko, Ryan Woo

To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net

To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net


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