CHENNPETRO
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Indian refiners' August crude processing drops 4.4% from a month earlier
Adds comment
Sept 25 (Reuters) - Indian refiners' crude throughput declined 4.4% month-on-month in August to 5.27 million barrels per day (22.29 million metric tons), according to provisional government data released on Thursday.
Refinery throughput in July was at 5.51 million barrels per day (23.31 million metric tons).
On a year-on-year basis, refinery throughput rose 3% in August.
India's fuel consumption in August hit an 11-month low, slipping 3.8% month-on-month to 18.73 million metric tons, oil ministry data showed.
India is the world's third-biggest oil importer and consumer.
"Refinery throughput declined in August compared to July, primarily due to seasonal monsoon-related disruptions, scheduled maintenance shutdowns, and one of the refineries operating at reduced capacity," Prashant Vasisht, vice president and co-head of corporate ratings at ICRA, said.
Meanwhile, Indian oil refiners are increasing gasoline and diesel exports to their highest levels in several years, driven by expanded crude processing capacity and increased domestic ethanol blending that has freed up fuel supplies for overseas markets, traders and analysts said.
This year, India's crude processing is expected to increase by 130,000 to 160,000 barrels per day to about 5.51 million bpd, with gasoline exports hitting a record high of around 400,000 bpd, according to consultancy Wood Mackenzie.
In July, European Union countries approved an 18th sanctions package against Russia over its war in Ukraine, with a lower price cap on Russian oil.
The rise in Indian exports is expected to help meet Europe's winter heating oil demand and support Indian refining margins, after refiners turned to discounted Russian crude.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
August-25 | July-25 | August-24 | April-August 2025 | |
Actual | Actual | Actual | Actual | |
IOCL, Barauni | 484 | 566 | 587 | 2,653 |
IOCL, Koyali | 692 | 793 | 1,343 | 4,492 |
IOCL, Haldia | 735 | 750 | 284 | 3,676 |
IOCL, Mathura | 724 | 837 | 589 | 4,114 |
IOCL, Panipat | 1,292 | 1,375 | 1,151 | 6,617 |
IOCL, Guwahati | 112 | 112 | 101 | 542 |
IOCL, Digboi | 64 | 67 | 68 | 279 |
IOCL, Bongaigaon | 262 | 266 | 237 | 1,271 |
IOCL, Paradip | 1,417 | 1,418 | 1,230 | 7,003 |
CPCL, Manali | 1,060 | 1,049 | 681 | 5,090 |
BPCL, Mumbai | 1,391 | 1,386 | 1,360 | 6,718 |
BPCL, Kochi | 1,553 | 1,575 | 1,507 | 7,627 |
BPCL, Bina | 245 | 681 | 532 | 2,904 |
NRL, Numaligarh | 248 | 259 | 216 | 1,306 |
ONGC, Tatipaka | 7 | 7 | 6 | 31 |
MRPL, Mangalore | 1,484 | 1,521 | 1,497 | 6,422 |
HPCL, Mumbai | 851 | 855 | 742 | 4,214 |
HPCL, Visakh | 1,339 | 1,381 | 1,252 | 6,876 |
HMEL, Bathinda | 1,057 | 894 | 1,099 | 5,206 |
RIL, Jamnagar | 3,000 | 2,996 | 2,921 | 13,317 |
RIL, SEZ | 2,868 | 2,830 | 2,479 | 14,425 |
Nayara, Vadinar | 1,406 | 1,691 | 1,753 | 8,233 |
TOTAL | 22,293 | 23,310 | 21,635 | 113,018 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is decommissioned under shutdown due to limitations in meeting required product specifications with the existing configuration.
(Reporting by Noel John and John Biju in Bengaluru; Editing by Sonia Cheema and Shreya Biswas)
(([email protected];))
Adds comment
Sept 25 (Reuters) - Indian refiners' crude throughput declined 4.4% month-on-month in August to 5.27 million barrels per day (22.29 million metric tons), according to provisional government data released on Thursday.
Refinery throughput in July was at 5.51 million barrels per day (23.31 million metric tons).
On a year-on-year basis, refinery throughput rose 3% in August.
India's fuel consumption in August hit an 11-month low, slipping 3.8% month-on-month to 18.73 million metric tons, oil ministry data showed.
India is the world's third-biggest oil importer and consumer.
"Refinery throughput declined in August compared to July, primarily due to seasonal monsoon-related disruptions, scheduled maintenance shutdowns, and one of the refineries operating at reduced capacity," Prashant Vasisht, vice president and co-head of corporate ratings at ICRA, said.
Meanwhile, Indian oil refiners are increasing gasoline and diesel exports to their highest levels in several years, driven by expanded crude processing capacity and increased domestic ethanol blending that has freed up fuel supplies for overseas markets, traders and analysts said.
This year, India's crude processing is expected to increase by 130,000 to 160,000 barrels per day to about 5.51 million bpd, with gasoline exports hitting a record high of around 400,000 bpd, according to consultancy Wood Mackenzie.
In July, European Union countries approved an 18th sanctions package against Russia over its war in Ukraine, with a lower price cap on Russian oil.
The rise in Indian exports is expected to help meet Europe's winter heating oil demand and support Indian refining margins, after refiners turned to discounted Russian crude.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
August-25 | July-25 | August-24 | April-August 2025 | |
Actual | Actual | Actual | Actual | |
IOCL, Barauni | 484 | 566 | 587 | 2,653 |
IOCL, Koyali | 692 | 793 | 1,343 | 4,492 |
IOCL, Haldia | 735 | 750 | 284 | 3,676 |
IOCL, Mathura | 724 | 837 | 589 | 4,114 |
IOCL, Panipat | 1,292 | 1,375 | 1,151 | 6,617 |
IOCL, Guwahati | 112 | 112 | 101 | 542 |
IOCL, Digboi | 64 | 67 | 68 | 279 |
IOCL, Bongaigaon | 262 | 266 | 237 | 1,271 |
IOCL, Paradip | 1,417 | 1,418 | 1,230 | 7,003 |
CPCL, Manali | 1,060 | 1,049 | 681 | 5,090 |
BPCL, Mumbai | 1,391 | 1,386 | 1,360 | 6,718 |
BPCL, Kochi | 1,553 | 1,575 | 1,507 | 7,627 |
BPCL, Bina | 245 | 681 | 532 | 2,904 |
NRL, Numaligarh | 248 | 259 | 216 | 1,306 |
ONGC, Tatipaka | 7 | 7 | 6 | 31 |
MRPL, Mangalore | 1,484 | 1,521 | 1,497 | 6,422 |
HPCL, Mumbai | 851 | 855 | 742 | 4,214 |
HPCL, Visakh | 1,339 | 1,381 | 1,252 | 6,876 |
HMEL, Bathinda | 1,057 | 894 | 1,099 | 5,206 |
RIL, Jamnagar | 3,000 | 2,996 | 2,921 | 13,317 |
RIL, SEZ | 2,868 | 2,830 | 2,479 | 14,425 |
Nayara, Vadinar | 1,406 | 1,691 | 1,753 | 8,233 |
TOTAL | 22,293 | 23,310 | 21,635 | 113,018 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is decommissioned under shutdown due to limitations in meeting required product specifications with the existing configuration.
(Reporting by Noel John and John Biju in Bengaluru; Editing by Sonia Cheema and Shreya Biswas)
(([email protected];))
EXPLAINER-Why India's Russian oil imports sparked US tariffs amid Ukraine peace talks
By Nidhi Verma
NEW DELHI, Aug 27 (Reuters) - India, the world's third-biggest oil importer and consumer and the largest buyer of Russian seaborne crude, is caught in the crossfire of diplomatic negotiations between Russia and the United States to end the war in Ukraine.
WHY HAS TRUMP IMPOSED ADDITIONAL TARIFFS ON INDIAN GOODS?
An additional 25% duty by President Donald Trump takes total tariffs on Indian goods to as much as 50% from Wednesday, among Washington's highest, in retaliation for New Delhi's increased buying of Russian oil.
White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop.
This month, Treasury Secretary Scott Bessent said India was profiteering from its sharply increased imports, making up 42% of total oil purchases, versus less than 1% before the war, a shift Washington has called unacceptable.
Trump's strategy is in a sharp contrast to the former Biden administration, which had welcomed India's Russian oil purchases in order to help keep global oil prices LCOc1, which hit a peak of $139 a barrel in 2022, in check.
WHY INDIA IS BUYING RUSSIAN OIL?
India and China have become the biggest Russian oil buyers since the Ukraine war broke out in 2022 and Western nations shunned energy imports from Moscow and imposed price caps on Russian oil trade. However, there is no blanket prohibition on the purchase of Russian oil if the deals meet parameters of the Western sanctions.
The Indian government aims to reduce its massive crude oil import bill and provide energy at affordable rates to its 1.4 billion citizens. Additionally, the import of discounted Russian oil has allowed India to diversify from more expensive Middle Eastern grades.
India has said its national interests will guide its energy import policies. The country imports over 85% of its total oil requirements for its refining capacity of 5.2 million barrels per day.
WILL INDIA CONTINUE TO BUY RUSSIAN OIL?
For now, India is unlikely to stop importing Russian oil due to energy security, people familiar with the matter said.
However, India's imports of Russian oil are expected to fall in September from August, after state refiners paused their purchases due to smaller discounts, according to LSEG trade flow data.
India's Russian oil imports are expected to remain subdued as state-refiners are not keen to buy at reduced discounts and are instead scouting for only distressed cargoes, said Indian refining sources.
Discounts for Russian Urals crude delivered to India have narrowed to about $2.50 per barrel to dated Brent, trade sources said, versus discounts of $20–$25 per barrel when the war began in February 2022.
India officials said it is difficult to replace Russian oil supplies as the cost of replacement barrels will rise significantly.
HOW MUCH OIL DOES INDIA BUY FROM RUSSIA?
India imported 1.73 million bpd of crude from Russia between January and July, accounting for more than a third of India’s total imports, trade data showed.
Previously, Russian oil made up only a small fraction of India’s overall imports due to logistical constraints, including costly and longer shipping routes.
India reduced its crude intake from Middle Eastern and African nations after increasing Russian imports.
WHO ARE THE TOP BUYERS OF RUSSIAN OIL IN INDIA?
Indian private refiners Reliance Industries RELI.NS and Nayara Energy are the top buyers of Russian oil. Reliance operates the world’s largest refining complex, while Nayara is majority owned by Russian entities, including Rosneft.
Reliance has a term contract with Rosneft ROSN.MM, India’s largest oil import deal with Russia. Together, the two companies account for about 60% of India’s total Russian oil imports.
In contrast, state-run refiners purchase Russian oil from the spot market on a delivered basis.
ALTERNATIVES TO RUSSIAN OIL
Indian companies have raised crude imports from the U.S. and the Middle East in recent months to replace Russian supply.
Key oil suppliers to India https://reut.rs/3JlqT0D
India's oil imports from various regions https://reut.rs/4lBwEF8
OPEC's share in India's July crude mix rises as Russia declines https://reut.rs/3UAs9j6
(Reporting by Nidhi Verma; Editing by Florence Tan and Lincoln Feast.)
(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))
By Nidhi Verma
NEW DELHI, Aug 27 (Reuters) - India, the world's third-biggest oil importer and consumer and the largest buyer of Russian seaborne crude, is caught in the crossfire of diplomatic negotiations between Russia and the United States to end the war in Ukraine.
WHY HAS TRUMP IMPOSED ADDITIONAL TARIFFS ON INDIAN GOODS?
An additional 25% duty by President Donald Trump takes total tariffs on Indian goods to as much as 50% from Wednesday, among Washington's highest, in retaliation for New Delhi's increased buying of Russian oil.
White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop.
This month, Treasury Secretary Scott Bessent said India was profiteering from its sharply increased imports, making up 42% of total oil purchases, versus less than 1% before the war, a shift Washington has called unacceptable.
Trump's strategy is in a sharp contrast to the former Biden administration, which had welcomed India's Russian oil purchases in order to help keep global oil prices LCOc1, which hit a peak of $139 a barrel in 2022, in check.
WHY INDIA IS BUYING RUSSIAN OIL?
India and China have become the biggest Russian oil buyers since the Ukraine war broke out in 2022 and Western nations shunned energy imports from Moscow and imposed price caps on Russian oil trade. However, there is no blanket prohibition on the purchase of Russian oil if the deals meet parameters of the Western sanctions.
The Indian government aims to reduce its massive crude oil import bill and provide energy at affordable rates to its 1.4 billion citizens. Additionally, the import of discounted Russian oil has allowed India to diversify from more expensive Middle Eastern grades.
India has said its national interests will guide its energy import policies. The country imports over 85% of its total oil requirements for its refining capacity of 5.2 million barrels per day.
WILL INDIA CONTINUE TO BUY RUSSIAN OIL?
For now, India is unlikely to stop importing Russian oil due to energy security, people familiar with the matter said.
However, India's imports of Russian oil are expected to fall in September from August, after state refiners paused their purchases due to smaller discounts, according to LSEG trade flow data.
India's Russian oil imports are expected to remain subdued as state-refiners are not keen to buy at reduced discounts and are instead scouting for only distressed cargoes, said Indian refining sources.
Discounts for Russian Urals crude delivered to India have narrowed to about $2.50 per barrel to dated Brent, trade sources said, versus discounts of $20–$25 per barrel when the war began in February 2022.
India officials said it is difficult to replace Russian oil supplies as the cost of replacement barrels will rise significantly.
HOW MUCH OIL DOES INDIA BUY FROM RUSSIA?
India imported 1.73 million bpd of crude from Russia between January and July, accounting for more than a third of India’s total imports, trade data showed.
Previously, Russian oil made up only a small fraction of India’s overall imports due to logistical constraints, including costly and longer shipping routes.
India reduced its crude intake from Middle Eastern and African nations after increasing Russian imports.
WHO ARE THE TOP BUYERS OF RUSSIAN OIL IN INDIA?
Indian private refiners Reliance Industries RELI.NS and Nayara Energy are the top buyers of Russian oil. Reliance operates the world’s largest refining complex, while Nayara is majority owned by Russian entities, including Rosneft.
Reliance has a term contract with Rosneft ROSN.MM, India’s largest oil import deal with Russia. Together, the two companies account for about 60% of India’s total Russian oil imports.
In contrast, state-run refiners purchase Russian oil from the spot market on a delivered basis.
ALTERNATIVES TO RUSSIAN OIL
Indian companies have raised crude imports from the U.S. and the Middle East in recent months to replace Russian supply.
Key oil suppliers to India https://reut.rs/3JlqT0D
India's oil imports from various regions https://reut.rs/4lBwEF8
OPEC's share in India's July crude mix rises as Russia declines https://reut.rs/3UAs9j6
(Reporting by Nidhi Verma; Editing by Florence Tan and Lincoln Feast.)
(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))
Chennai Petroleum June-Quarter Consol Loss 401 Million Rupees
July 25 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
CHENNAI PETROLEUM JUNE-QUARTER CONSOL LOSS 401 MILLION RUPEES
CHENNAI PETROLEUM JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 186.83 BILLION RUPEES
Source text: [ID:]
Further company coverage: CHPC.NS
(([email protected];;))
July 25 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
CHENNAI PETROLEUM JUNE-QUARTER CONSOL LOSS 401 MILLION RUPEES
CHENNAI PETROLEUM JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 186.83 BILLION RUPEES
Source text: [ID:]
Further company coverage: CHPC.NS
(([email protected];;))
Indian refiners' May crude processing edges up 0.4% from a year earlier
June 26 (Reuters) - Indian refiners' throughput in May rose 0.4% year-on-year to 5.47 million barrels per day (23.11 million metric tons), provisional government data showed on Thursday.
Refinery throughput in April was at 5.25 million barrels per day (21.49 million metric tons).
India's fuel demand in May rose to its highest in more than a year, while crude oil imports reached a record high of 23.32 million metric tons.
The country is the world's third-biggest oil importer and consumer.
"What drives refinery runs is domestic demand and refined product net exports. Oil demand was modestly up in May versus one year ago and refined product exports lower versus last year, so I guess that is the reason for the modest change," said Giovanni Staunovo, an analyst at UBS.
The share of Russian oil in India's imports in May declined marginally as refiners cut purchases from Moscow by 15.7% to 1.7 million barrels per day (bpd), tanker data from trade and industry sources showed.
India's Mangalore Refinery and Petrochemicals Ltd MRPL.NS shut its 144,000 bpd crude distillation unit in mid-May, according to a refinery source and four traders who confirmed the development in early May.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
April 2025 | May 2025 | May 2024 | April-May 2025 | |
Actual | Actual | Actual | Actual | |
IOCL, Barauni | 476 | 572 | 549 | 1,047 |
IOCL, Bongaigaon | 230 | 259 | 60 | 489 |
IOCL, Digboi | 37 | 47 | 65 | 84 |
IOCL, Gujarat | 1,068 | 990 | 1,326 | 2,059 |
IOCL, Guwahati | 100 | 111 | 111 | 212 |
IOCL, Haldia | 701 | 750 | 690 | 1,451 |
IOCL, Mathura | 825 | 883 | 840 | 1708 |
IOCL, Panipat | 1,322 | 1,333 | 1,269 | 2,655 |
IOCL, Paradip | 1,362 | 1,415 | 1,155 | 2,777 |
BPCL, Bina | 653 | 671 | 661 | 1,324 |
BPCL, Kochi | 1,512 | 1,476 | 1,508 | 2,988 |
BPCL, Mumbai | 1,182 | 1,284 | 1,284 | 2,466 |
HPCL, Mumbai | 831 | 743 | 816 | 1574 |
HPCL, Visakh | 1,412 | 1,444 | 1,354 | 2,856 |
CPCL, Manali | 930 | 1,040 | 1,033 | 1,971 |
NRL, Numaligarh | 277 | 272 | 277 | 549 |
MRPL, Mangalore | 1,512 | 1,169 | 1,593 | 2,680 |
ONGC, Tatipaka | 5 | 6 | 6 | 11 |
HMEL, Bhatinda | 721 | 1,113 | 1,111 | 1,835 |
RIL, Jamnagar | 1,551 | 2,897 | 2,933 | 4,447 |
RIL, SEZ | 3,113 | 2,876 | 2,657 | 5,989 |
Nayara, Vadinar | 1,665 | 1,762 | 1,727 | 3,427 |
TOTAL | 21,486 | 23,113 | 23,026 | 44,599 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Anmol Choubey in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
June 26 (Reuters) - Indian refiners' throughput in May rose 0.4% year-on-year to 5.47 million barrels per day (23.11 million metric tons), provisional government data showed on Thursday.
Refinery throughput in April was at 5.25 million barrels per day (21.49 million metric tons).
India's fuel demand in May rose to its highest in more than a year, while crude oil imports reached a record high of 23.32 million metric tons.
The country is the world's third-biggest oil importer and consumer.
"What drives refinery runs is domestic demand and refined product net exports. Oil demand was modestly up in May versus one year ago and refined product exports lower versus last year, so I guess that is the reason for the modest change," said Giovanni Staunovo, an analyst at UBS.
The share of Russian oil in India's imports in May declined marginally as refiners cut purchases from Moscow by 15.7% to 1.7 million barrels per day (bpd), tanker data from trade and industry sources showed.
India's Mangalore Refinery and Petrochemicals Ltd MRPL.NS shut its 144,000 bpd crude distillation unit in mid-May, according to a refinery source and four traders who confirmed the development in early May.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
April 2025 | May 2025 | May 2024 | April-May 2025 | |
Actual | Actual | Actual | Actual | |
IOCL, Barauni | 476 | 572 | 549 | 1,047 |
IOCL, Bongaigaon | 230 | 259 | 60 | 489 |
IOCL, Digboi | 37 | 47 | 65 | 84 |
IOCL, Gujarat | 1,068 | 990 | 1,326 | 2,059 |
IOCL, Guwahati | 100 | 111 | 111 | 212 |
IOCL, Haldia | 701 | 750 | 690 | 1,451 |
IOCL, Mathura | 825 | 883 | 840 | 1708 |
IOCL, Panipat | 1,322 | 1,333 | 1,269 | 2,655 |
IOCL, Paradip | 1,362 | 1,415 | 1,155 | 2,777 |
BPCL, Bina | 653 | 671 | 661 | 1,324 |
BPCL, Kochi | 1,512 | 1,476 | 1,508 | 2,988 |
BPCL, Mumbai | 1,182 | 1,284 | 1,284 | 2,466 |
HPCL, Mumbai | 831 | 743 | 816 | 1574 |
HPCL, Visakh | 1,412 | 1,444 | 1,354 | 2,856 |
CPCL, Manali | 930 | 1,040 | 1,033 | 1,971 |
NRL, Numaligarh | 277 | 272 | 277 | 549 |
MRPL, Mangalore | 1,512 | 1,169 | 1,593 | 2,680 |
ONGC, Tatipaka | 5 | 6 | 6 | 11 |
HMEL, Bhatinda | 721 | 1,113 | 1,111 | 1,835 |
RIL, Jamnagar | 1,551 | 2,897 | 2,933 | 4,447 |
RIL, SEZ | 3,113 | 2,876 | 2,657 | 5,989 |
Nayara, Vadinar | 1,665 | 1,762 | 1,727 | 3,427 |
TOTAL | 21,486 | 23,113 | 23,026 | 44,599 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Anmol Choubey in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
Chennai Petroleum Exec: Getting Good Offers For Purchase Of US, African Crudes Via Tenders
May 2 (Reuters) - CHENNAI PETROLEUM CORP EXEC CHPC.NS:
GETTING GOOD OFFERS FOR PURCHASE OF US, AFRICAN CRUDES VIA TENDERS
SEE POSSIBLE EARLY ROLE OUT OF SUSTAINABLE AVIATION FUEL
Q4 GRM $6.22/BBL VS $7.7/BBL YR AGO
SAW INVENTORY GAIN OF 1.25 BLN RUPEES IN Q4
BASRA CRUDE PART OF LONG-TERM PORTFOLIO FOR CO
ONE CRUDE UNIT WILL GO FOR MAINTENANCE THIS YEAR
(([email protected];))
May 2 (Reuters) - CHENNAI PETROLEUM CORP EXEC CHPC.NS:
GETTING GOOD OFFERS FOR PURCHASE OF US, AFRICAN CRUDES VIA TENDERS
SEE POSSIBLE EARLY ROLE OUT OF SUSTAINABLE AVIATION FUEL
Q4 GRM $6.22/BBL VS $7.7/BBL YR AGO
SAW INVENTORY GAIN OF 1.25 BLN RUPEES IN Q4
BASRA CRUDE PART OF LONG-TERM PORTFOLIO FOR CO
ONE CRUDE UNIT WILL GO FOR MAINTENANCE THIS YEAR
(([email protected];))
Chennai Petroleum Says H. Shankar Appointed As MD
April 2 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
H. SHANKAR APPOINTED AS MD
Further company coverage: CHPC.NS
(([email protected];;))
April 2 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
H. SHANKAR APPOINTED AS MD
Further company coverage: CHPC.NS
(([email protected];;))
Indian refiners' February crude processing down 4.5% from a year earlier
Corrects paragraph to show throughput fell 4.5%, not rose
March 25 (Reuters) - Indian refiners' throughput in February fell 4.5% year on year to 5.12 million barrels per day (21.67 million metric tons), provisional government data showed on Tuesday.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
January 2025 | February 2025 | February 2024 | April-February 2024-25 | |
Actual | Actual | Actual | Actual | |
IOCL, Barauni | 544 | 456 | 542 | 6,063 |
IOCL, Bongaigaon | 257 | 236 | 239 | 2,513 |
IOCL, Digboi | 66 | 60 | 65 | 708 |
IOCL, Gujarat | 1,316 | 930 | 1,250 | 14,166 |
IOCL, Guwahati | 105 | 99 | 99 | 1,067 |
IOCL, Haldia | 744 | 642 | 678 | 6,207 |
IOCL, Mathura | 740 | 790 | 794 | 7,178 |
IOCL, Panipat | 1,319 | 1,164 | 693 | 14,072 |
IOCL, Paradip | 1,436 | 1,297 | 1,271 | 13,242 |
BPCL, Bina | 688 | 616 | 664 | 7,044 |
BPCL, Kochi | 1,523 | 1,422 | 1,204 | 15,322 |
BPCL, Mumbai | 1,349 | 1,279 | 1,307 | 14,087 |
HPCL, Mumbai | 883 | 806 | 680 | 9,044 |
HPCL, Visakh | 1,423 | 1,308 | 1,254 | 13,912 |
CPCL, Manali | 1,002 | 951 | 1,054 | 9,433 |
NRL, Numaligarh | 288 | 249 | 262 | 2,779 |
MRPL, Mangalore | 1,577 | 1,461 | 1,462 | 16,398 |
ONGC, Tatipaka | 7 | 5 | 6 | 63 |
HMEL, Bhatinda | 1,116 | 1,000 | 885 | 11,939 |
RIL, Jamnagar | 3,032 | 2,763 | 2,695 | 32,036 |
RIL, SEZ | 2,578 | 2,556 | 2,192 | 28,325 |
Nayara, Vadinar | 1,744 | 1,584 | 1,622 | 18,736 |
TOTAL | 23,736 | 21,673 | 22,687 | 244,334 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Rahul Paswan in Bengaluru
Editing by David Goodman)
(([email protected] ; If within U.S. +1 646 223 8780;;))
Corrects paragraph to show throughput fell 4.5%, not rose
March 25 (Reuters) - Indian refiners' throughput in February fell 4.5% year on year to 5.12 million barrels per day (21.67 million metric tons), provisional government data showed on Tuesday.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
January 2025 | February 2025 | February 2024 | April-February 2024-25 | |
Actual | Actual | Actual | Actual | |
IOCL, Barauni | 544 | 456 | 542 | 6,063 |
IOCL, Bongaigaon | 257 | 236 | 239 | 2,513 |
IOCL, Digboi | 66 | 60 | 65 | 708 |
IOCL, Gujarat | 1,316 | 930 | 1,250 | 14,166 |
IOCL, Guwahati | 105 | 99 | 99 | 1,067 |
IOCL, Haldia | 744 | 642 | 678 | 6,207 |
IOCL, Mathura | 740 | 790 | 794 | 7,178 |
IOCL, Panipat | 1,319 | 1,164 | 693 | 14,072 |
IOCL, Paradip | 1,436 | 1,297 | 1,271 | 13,242 |
BPCL, Bina | 688 | 616 | 664 | 7,044 |
BPCL, Kochi | 1,523 | 1,422 | 1,204 | 15,322 |
BPCL, Mumbai | 1,349 | 1,279 | 1,307 | 14,087 |
HPCL, Mumbai | 883 | 806 | 680 | 9,044 |
HPCL, Visakh | 1,423 | 1,308 | 1,254 | 13,912 |
CPCL, Manali | 1,002 | 951 | 1,054 | 9,433 |
NRL, Numaligarh | 288 | 249 | 262 | 2,779 |
MRPL, Mangalore | 1,577 | 1,461 | 1,462 | 16,398 |
ONGC, Tatipaka | 7 | 5 | 6 | 63 |
HMEL, Bhatinda | 1,116 | 1,000 | 885 | 11,939 |
RIL, Jamnagar | 3,032 | 2,763 | 2,695 | 32,036 |
RIL, SEZ | 2,578 | 2,556 | 2,192 | 28,325 |
Nayara, Vadinar | 1,744 | 1,584 | 1,622 | 18,736 |
TOTAL | 23,736 | 21,673 | 22,687 | 244,334 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Rahul Paswan in Bengaluru
Editing by David Goodman)
(([email protected] ; If within U.S. +1 646 223 8780;;))
Chennai Petroleum Says NGT Granted Interim Stay On Order Of TNPCB Demanding 736.8 Million Rupees
March 20 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
NGT GRANTED INTERIM STAY ON ORDER OF TNPCB DEMANDING 736.8 MILLION RUPEES
Source text: [ID:]
Further company coverage: CHPC.NS
(([email protected];;))
March 20 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
NGT GRANTED INTERIM STAY ON ORDER OF TNPCB DEMANDING 736.8 MILLION RUPEES
Source text: [ID:]
Further company coverage: CHPC.NS
(([email protected];;))
Indian refiners' December crude processing up 5.2% y/y
Jan 27 (Reuters) - Indian refiners' throughput in December rose 5.2% year-on-year to 5.64 million barrels per day (23.87 million metric tons), provisional government data showed on Monday.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
December-24 | December-2023 | April-December 2024-25 | |
Actual | Actual | Actual | |
IOCL, Barauni | 599 | 598 | 5,063 |
IOCL, Bongaigaon | 260 | 256 | 2,021 |
IOCL, Digboi | 63 | 69 | 581 |
IOCL, Gujarat | 1,318 | 1,330 | 11,920 |
IOCL, Guwahati | 42 | 97 | 863 |
IOCL, Haldia | 747 | 727 | 4,821 |
IOCL, Mathura | 874 | 815 | 5,647 |
IOCL, Panipat | 1,390 | 1,246 | 11,590 |
IOCL, Paradip | 1,403 | 1,387 | 10,509 |
BPCL, Bina | 687 | 666 | 5,740 |
BPCL, Kochi | 1,567 | 1,563 | 12,377 |
BPCL, Mumbai | 1,244 | 1,390 | 11,460 |
HPCL, Mumbai | 902 | 843 | 7,355 |
HPCL, Visakh | 1,357 | 908 | 11,180 |
CPCL, Manali | 945 | 821 | 7,480 |
NRL, Numaligarh | 275 | 287 | 2,242 |
MRPL, Mangalore | 1,548 | 1,558 | 13,360 |
ONGC, Tatipaka | 7 | 6 | 52 |
HMEL, Bhatinda | 1,110 | 1,110 | 9,823 |
RIL, Jamnagar | 3,059 | 2,785 | 26,241 |
RIL, SEZ | 2,724 | 2,494 | 23,191 |
Nayara, Vadinar | 1,748 | 1,730 | 15,407 |
TOTAL | 23,869 | 22,687 | 198,925 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Rahul Paswan in Bengaluru; Editing by Rashmi Aich)
(([email protected] ; If within U.S. +1 646 223 8780;;))
Jan 27 (Reuters) - Indian refiners' throughput in December rose 5.2% year-on-year to 5.64 million barrels per day (23.87 million metric tons), provisional government data showed on Monday.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
December-24 | December-2023 | April-December 2024-25 | |
Actual | Actual | Actual | |
IOCL, Barauni | 599 | 598 | 5,063 |
IOCL, Bongaigaon | 260 | 256 | 2,021 |
IOCL, Digboi | 63 | 69 | 581 |
IOCL, Gujarat | 1,318 | 1,330 | 11,920 |
IOCL, Guwahati | 42 | 97 | 863 |
IOCL, Haldia | 747 | 727 | 4,821 |
IOCL, Mathura | 874 | 815 | 5,647 |
IOCL, Panipat | 1,390 | 1,246 | 11,590 |
IOCL, Paradip | 1,403 | 1,387 | 10,509 |
BPCL, Bina | 687 | 666 | 5,740 |
BPCL, Kochi | 1,567 | 1,563 | 12,377 |
BPCL, Mumbai | 1,244 | 1,390 | 11,460 |
HPCL, Mumbai | 902 | 843 | 7,355 |
HPCL, Visakh | 1,357 | 908 | 11,180 |
CPCL, Manali | 945 | 821 | 7,480 |
NRL, Numaligarh | 275 | 287 | 2,242 |
MRPL, Mangalore | 1,548 | 1,558 | 13,360 |
ONGC, Tatipaka | 7 | 6 | 52 |
HMEL, Bhatinda | 1,110 | 1,110 | 9,823 |
RIL, Jamnagar | 3,059 | 2,785 | 26,241 |
RIL, SEZ | 2,724 | 2,494 | 23,191 |
Nayara, Vadinar | 1,748 | 1,730 | 15,407 |
TOTAL | 23,869 | 22,687 | 198,925 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Rahul Paswan in Bengaluru; Editing by Rashmi Aich)
(([email protected] ; If within U.S. +1 646 223 8780;;))
Indian refiners' November crude processing down 0.1% year-on-year
Adds more details throughout
Dec 23 (Reuters) - Indian refiners' crude processing in November fell 0.1% year-on-year to 5.29 million barrels per day (21.64 million metric tons), provisional government data showed on Monday.
Total crude oil production fell about 2.1% to around 574,000 barrels per day (2.35 million tonnes) year-on-year, the data showed.
India, which is the world's third-biggest oil importer and consumer, saw demand rising by 9.3% year-on-year to 20.43 million metric tons in November, its highest level since May, based on oil ministry data earlier this month, driven by strong economic and travel activity.
India's crude oil imports rose 2.6% year-on-year to 19.07 million metric tons in November, data from the Petroleum Planning and Analysis Cell's website showed. On a monthly basis, crude oil imports were down 3.2% from 19.71 million metric tons in October.
In November, the Middle East's share of India's crude oil imports oil hit a 9-month high, while Russia accounted for its smallest share in three quarters, ship tracking data obtained from sources showed.
Some refiners reduced intake of Russian oil due to maintenance turnarounds at their plants and continued to lift committed volumes under annual contracts with Middle Eastern producers, an India refining official said.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
November-24 | November-2023 | April-November2024-25 | |
Actual | Actual | Actual | |
IOCL, Barauni | 569 | 554 | 4,464 |
IOCL, Bongaigaon | 252 | 250 | 1,761 |
IOCL, Digboi | 69 | 66 | 518 |
IOCL, Gujarat | 1,318 | 1,290 | 10,602 |
IOCL, Guwahati | 92 | 33 | 821 |
IOCL, Haldia | 703 | 692 | 4,074 |
IOCL, Mathura | 323 | 865 | 4,773 |
IOCL, Panipat | 1,354 | 1,308 | 10,200 |
IOCL, Paradip | 1,333 | 1,261 | 9,106 |
BPCL, Bina | 662 | 682 | 5,054 |
BPCL, Kochi | 1,181 | 1,507 | 10,810 |
BPCL, Mumbai | 955 | 928 | 10,216 |
HPCL, Mumbai | 878 | 858 | 6,453 |
HPCL, Vaisakh | 1,269 | 826 | 9,823 |
CPCL, Manali | 902 | 1,001 | 6,535 |
NRL, Numaligarh | 261 | 280 | 1,967 |
MRPL, Mangalore | 1,507 | 1,499 | 11,812 |
ONGC, Tatipaka | 6 | 5 | 45 |
HMEL, Bhatinda | 1,071 | 1,074 | 8,714 |
RIL, Jamnagar | 2,846 | 2,797 | 23,183 |
RIL, SEZ | 2,391 | 2,217 | 20,467 |
Nayara, Vadinar | 1,695 | 1,675 | 13,659 |
TOTAL | 21,637 | 21,668 | 175,056 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Anushree Mukherjee in Bengaluru, additional reporting by Sherin Elizabeth Varghese in Bengaluru.
Editing by Tomasz Janowski and Jane Merriman)
(([email protected];))
Adds more details throughout
Dec 23 (Reuters) - Indian refiners' crude processing in November fell 0.1% year-on-year to 5.29 million barrels per day (21.64 million metric tons), provisional government data showed on Monday.
Total crude oil production fell about 2.1% to around 574,000 barrels per day (2.35 million tonnes) year-on-year, the data showed.
India, which is the world's third-biggest oil importer and consumer, saw demand rising by 9.3% year-on-year to 20.43 million metric tons in November, its highest level since May, based on oil ministry data earlier this month, driven by strong economic and travel activity.
India's crude oil imports rose 2.6% year-on-year to 19.07 million metric tons in November, data from the Petroleum Planning and Analysis Cell's website showed. On a monthly basis, crude oil imports were down 3.2% from 19.71 million metric tons in October.
In November, the Middle East's share of India's crude oil imports oil hit a 9-month high, while Russia accounted for its smallest share in three quarters, ship tracking data obtained from sources showed.
Some refiners reduced intake of Russian oil due to maintenance turnarounds at their plants and continued to lift committed volumes under annual contracts with Middle Eastern producers, an India refining official said.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
November-24 | November-2023 | April-November2024-25 | |
Actual | Actual | Actual | |
IOCL, Barauni | 569 | 554 | 4,464 |
IOCL, Bongaigaon | 252 | 250 | 1,761 |
IOCL, Digboi | 69 | 66 | 518 |
IOCL, Gujarat | 1,318 | 1,290 | 10,602 |
IOCL, Guwahati | 92 | 33 | 821 |
IOCL, Haldia | 703 | 692 | 4,074 |
IOCL, Mathura | 323 | 865 | 4,773 |
IOCL, Panipat | 1,354 | 1,308 | 10,200 |
IOCL, Paradip | 1,333 | 1,261 | 9,106 |
BPCL, Bina | 662 | 682 | 5,054 |
BPCL, Kochi | 1,181 | 1,507 | 10,810 |
BPCL, Mumbai | 955 | 928 | 10,216 |
HPCL, Mumbai | 878 | 858 | 6,453 |
HPCL, Vaisakh | 1,269 | 826 | 9,823 |
CPCL, Manali | 902 | 1,001 | 6,535 |
NRL, Numaligarh | 261 | 280 | 1,967 |
MRPL, Mangalore | 1,507 | 1,499 | 11,812 |
ONGC, Tatipaka | 6 | 5 | 45 |
HMEL, Bhatinda | 1,071 | 1,074 | 8,714 |
RIL, Jamnagar | 2,846 | 2,797 | 23,183 |
RIL, SEZ | 2,391 | 2,217 | 20,467 |
Nayara, Vadinar | 1,695 | 1,675 | 13,659 |
TOTAL | 21,637 | 21,668 | 175,056 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Anushree Mukherjee in Bengaluru, additional reporting by Sherin Elizabeth Varghese in Bengaluru.
Editing by Tomasz Janowski and Jane Merriman)
(([email protected];))
Indian refiners' October crude processing up over 3% y/y
Nov 22 (Reuters) - Indian refiners' throughput in October rose over 3% year-on-year to 5.04 million barrels per day (21.3 million metric tons), provisional government data showed on Friday.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
October-24 | October-23 | April-October 2024-25 | |
Actual | Actual | Actual | |
IOCL, Barauni | 576 | 503 | 3,895 |
IOCL, Bongaigaon | 254 | 258 | 1,509 |
IOCL, Digboi | 71 | 66 | 449 |
IOCL, Gujarat | 1,357 | 1,279 | 9,284 |
IOCL, Guwahati | 110 | 0 | 730 |
IOCL, Haldia | 364 | 674 | 3,371 |
IOCL, Mathura | 42 | 853 | 4,450 |
IOCL, Panipat | 1,353 | 1,300 | 8,845 |
IOCL, Paradip | 1,273 | 722 | 7,772 |
BPCL, Bina | 686 | 710 | 4,392 |
BPCL, Kochi | 989 | 1,544 | 9,628 |
BPCL, Mumbai | 1,419 | 740 | 9,261 |
HPCL, Mumbai | 879 | 898 | 5,575 |
HPCL, Vaisakh | 1,185 | 1,010 | 8,554 |
CPCL, Manali | 705 | 1,007 | 5,633 |
NRL, Numaligarh | 272 | 286 | 1,706 |
MRPL, Mangalore | 1,486 | 1,355 | 10,305 |
ONGC, Tatipaka | 6 | 5 | 39 |
HMEL, Bhatinda | 1,102 | 1,104 | 7,643 |
RIL, Jamnagar | 2,843 | 2,925 | 20,336 |
RIL, SEZ | 2,587 | 1,595 | 18,077 |
Nayara, Vadinar | 1,746 | 1,726 | 11,964 |
TOTAL | 21,303 | 20,562 | 153,418 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Anjana Anil in Bengaluru)
(([email protected];))
Nov 22 (Reuters) - Indian refiners' throughput in October rose over 3% year-on-year to 5.04 million barrels per day (21.3 million metric tons), provisional government data showed on Friday.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
October-24 | October-23 | April-October 2024-25 | |
Actual | Actual | Actual | |
IOCL, Barauni | 576 | 503 | 3,895 |
IOCL, Bongaigaon | 254 | 258 | 1,509 |
IOCL, Digboi | 71 | 66 | 449 |
IOCL, Gujarat | 1,357 | 1,279 | 9,284 |
IOCL, Guwahati | 110 | 0 | 730 |
IOCL, Haldia | 364 | 674 | 3,371 |
IOCL, Mathura | 42 | 853 | 4,450 |
IOCL, Panipat | 1,353 | 1,300 | 8,845 |
IOCL, Paradip | 1,273 | 722 | 7,772 |
BPCL, Bina | 686 | 710 | 4,392 |
BPCL, Kochi | 989 | 1,544 | 9,628 |
BPCL, Mumbai | 1,419 | 740 | 9,261 |
HPCL, Mumbai | 879 | 898 | 5,575 |
HPCL, Vaisakh | 1,185 | 1,010 | 8,554 |
CPCL, Manali | 705 | 1,007 | 5,633 |
NRL, Numaligarh | 272 | 286 | 1,706 |
MRPL, Mangalore | 1,486 | 1,355 | 10,305 |
ONGC, Tatipaka | 6 | 5 | 39 |
HMEL, Bhatinda | 1,102 | 1,104 | 7,643 |
RIL, Jamnagar | 2,843 | 2,925 | 20,336 |
RIL, SEZ | 2,587 | 1,595 | 18,077 |
Nayara, Vadinar | 1,746 | 1,726 | 11,964 |
TOTAL | 21,303 | 20,562 | 153,418 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Anjana Anil in Bengaluru)
(([email protected];))
Indian refiners' September crude processing rises over 4% year-on-year
Adds details and comments
Oct 29 (Reuters) - Indian refiners' throughput in September rose more than 4% year-on-year, but eased on a monthly basis, provisional government data showed on Tuesday.
Refinery throughput in September was at 5.17 million barrels per day (21.2 million metric tons).
India's fuel consumption in September totalled 17.92 million metric tons, its lowest in two years, as above-normal monsoon rainfall weighed on diesel demand.
"The monsoons stretched into September and dampened demand, and as a result, processing was a little quiet, but the yearly rise is due to overall increased consumption," Prashant Vasisht, vice president and co-head of corporate ratings at ICRA, said.
Apart from restricting mobility, monsoon rains also hit demand from the agriculture sector as farmers use gasoil-fired generators for irrigation.
Meanwhile, India's crude oil imports from Russia rose 11.7% to about 1.9 million bpd in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month, tanker data obtained from industry sources showed. Refiners have invested billions of dollars in plant upgrades, allowing them to process more crude grades, in an effort to reduce costs.
State-run explorer Oil India expects to operate its refinery in the north-eastern state of Assam at an expanded capacity of 180,000 bpd in the fiscal year to March 2027.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
September-24 | September-23 | April-September 2024-25 | |
Actual | Actual | Actual | |
IOCL, Barauni | 486 | 529 | 3,319 |
IOCL, Bongaigaon | 243 | 251 | 1,255 |
IOCL, Digboi | 59 | 52 | 378 |
IOCL, Gujarat | 1,316 | 1,170 | 7,927 |
IOCL, Guwahati | 87 | 90 | 620 |
IOCL, Haldia | 38 | 325 | 3,007 |
IOCL, Mathura | 586 | 722 | 4,408 |
IOCL, Panipat | 1,248 | 1,194 | 7,492 |
IOCL, Paradip | 1,228 | 1,173 | 6,499 |
BPCL, Bina | 489 | 680 | 3,706 |
BPCL, Kochi | 1,279 | 1,299 | 8,639 |
BPCL, Mumbai | 1,355 | 1,355 | 7,842 |
HPCL, Mumbai | 868 | 847 | 4,696 |
HPCL, Vaisakh | 1,263 | 1,013 | 7,369 |
CPCL, Manali | 538 | 1,008 | 4,928 |
NRL, Numaligarh | 244 | 276 | 1,434 |
MRPL, Mangalore | 1,464 | 765 | 8,819 |
ONGC, Tatipaka | 5 | 4 | 33 |
HMEL, Bhatinda | 1,061 | 1,075 | 6,541 |
RIL, Jamnagar | 2,936 | 2,807 | 17,493 |
RIL, SEZ | 2,697 | 1,987 | 15,490 |
Nayara, Vadinar | 1,677 | 1,667 | 10,218 |
TOTAL | 21,168 | 20,288 | 132,115 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Ashitha Shivaprasad and Daksh Grover in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
Adds details and comments
Oct 29 (Reuters) - Indian refiners' throughput in September rose more than 4% year-on-year, but eased on a monthly basis, provisional government data showed on Tuesday.
Refinery throughput in September was at 5.17 million barrels per day (21.2 million metric tons).
India's fuel consumption in September totalled 17.92 million metric tons, its lowest in two years, as above-normal monsoon rainfall weighed on diesel demand.
"The monsoons stretched into September and dampened demand, and as a result, processing was a little quiet, but the yearly rise is due to overall increased consumption," Prashant Vasisht, vice president and co-head of corporate ratings at ICRA, said.
Apart from restricting mobility, monsoon rains also hit demand from the agriculture sector as farmers use gasoil-fired generators for irrigation.
Meanwhile, India's crude oil imports from Russia rose 11.7% to about 1.9 million bpd in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month, tanker data obtained from industry sources showed. Refiners have invested billions of dollars in plant upgrades, allowing them to process more crude grades, in an effort to reduce costs.
State-run explorer Oil India expects to operate its refinery in the north-eastern state of Assam at an expanded capacity of 180,000 bpd in the fiscal year to March 2027.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
September-24 | September-23 | April-September 2024-25 | |
Actual | Actual | Actual | |
IOCL, Barauni | 486 | 529 | 3,319 |
IOCL, Bongaigaon | 243 | 251 | 1,255 |
IOCL, Digboi | 59 | 52 | 378 |
IOCL, Gujarat | 1,316 | 1,170 | 7,927 |
IOCL, Guwahati | 87 | 90 | 620 |
IOCL, Haldia | 38 | 325 | 3,007 |
IOCL, Mathura | 586 | 722 | 4,408 |
IOCL, Panipat | 1,248 | 1,194 | 7,492 |
IOCL, Paradip | 1,228 | 1,173 | 6,499 |
BPCL, Bina | 489 | 680 | 3,706 |
BPCL, Kochi | 1,279 | 1,299 | 8,639 |
BPCL, Mumbai | 1,355 | 1,355 | 7,842 |
HPCL, Mumbai | 868 | 847 | 4,696 |
HPCL, Vaisakh | 1,263 | 1,013 | 7,369 |
CPCL, Manali | 538 | 1,008 | 4,928 |
NRL, Numaligarh | 244 | 276 | 1,434 |
MRPL, Mangalore | 1,464 | 765 | 8,819 |
ONGC, Tatipaka | 5 | 4 | 33 |
HMEL, Bhatinda | 1,061 | 1,075 | 6,541 |
RIL, Jamnagar | 2,936 | 2,807 | 17,493 |
RIL, SEZ | 2,697 | 1,987 | 15,490 |
Nayara, Vadinar | 1,677 | 1,667 | 10,218 |
TOTAL | 21,168 | 20,288 | 132,115 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Ashitha Shivaprasad and Daksh Grover in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
India's Chennai Petroleum Corp sinks after Q2 loss
** Shares of Chennai Petroleum Corporation Ltd CHPC.NS slump as much as 14.5% to 752.10 rupees
** Refining co reported a Q2 loss of 6.29 bln rupees ($74.8 mln), compared to a profit of 11.91 bln rupees a year ago
** Q2 rev from ops fell 27.9% YoY
** Stock on track for fourth day of losses
** More than 3.3 mln shares traded as of 11:39 a.m. IST, 4.4x their 30-day moving avg
** CHPC last down 10.2%; rose 13.5% YTD so far
($1 = 84.0710 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of Chennai Petroleum Corporation Ltd CHPC.NS slump as much as 14.5% to 752.10 rupees
** Refining co reported a Q2 loss of 6.29 bln rupees ($74.8 mln), compared to a profit of 11.91 bln rupees a year ago
** Q2 rev from ops fell 27.9% YoY
** Stock on track for fourth day of losses
** More than 3.3 mln shares traded as of 11:39 a.m. IST, 4.4x their 30-day moving avg
** CHPC last down 10.2%; rose 13.5% YTD so far
($1 = 84.0710 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Chennai Petroleum Corporation Sept-Quarter Loss 6.29 Bln Rupees
Oct 22 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
CHENNAI PETROLEUM CORPORATION SEPT-QUARTER LOSS 6.29 BILLION RUPEES
CHENNAI PETROLEUM CORPORATION LTD SEPT-QUARTER REVENUE FROM OPERATIONS 144.25 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: CHPC.NS
(([email protected];))
Oct 22 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
CHENNAI PETROLEUM CORPORATION SEPT-QUARTER LOSS 6.29 BILLION RUPEES
CHENNAI PETROLEUM CORPORATION LTD SEPT-QUARTER REVENUE FROM OPERATIONS 144.25 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: CHPC.NS
(([email protected];))
Chennai Petroleum In Talks To Raise $3.3 Billion For Refinery- Bloomberg News
Oct 11 (Reuters) -
CHENNAI PETROLEUM IN TALKS TO RAISE $3.3 BILLION FOR REFINERY- BLOOMBERG NEWS
Source https://tinyurl.com/3b47r646
(([email protected];))
Oct 11 (Reuters) -
CHENNAI PETROLEUM IN TALKS TO RAISE $3.3 BILLION FOR REFINERY- BLOOMBERG NEWS
Source https://tinyurl.com/3b47r646
(([email protected];))
APPEC-India's Chennai Petroleum shuts refinery units to mid-Oct, company source says
SINGAPORE, Sept 9 (Reuters) - India's Chennai Petroleum Corp CHPC.NS has shut one of its crude units and some secondary units at its 210,000 barrels-per-day (bpd) refinery in southern Tamil Nadu state for routine maintenance, a company source told Reuters.
The company official said maintenance is ongoing and will end in mid-October.
The company spokesman could not be immediately reached for comment.
(Reporting by Trixie Yap; Editing by Tom Hogue)
(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))
SINGAPORE, Sept 9 (Reuters) - India's Chennai Petroleum Corp CHPC.NS has shut one of its crude units and some secondary units at its 210,000 barrels-per-day (bpd) refinery in southern Tamil Nadu state for routine maintenance, a company source told Reuters.
The company official said maintenance is ongoing and will end in mid-October.
The company spokesman could not be immediately reached for comment.
(Reporting by Trixie Yap; Editing by Tom Hogue)
(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))
Indian oil cos rise after govt cuts windfall tax on petroleum crude
** Shares of state-run Oil and Natural Gas Corp ONGC.NS, Indian Oil Corp IOC.NS, Oil India OILI.NS , Bharat Petroleum BPCL.NS, Hindustan Petroleum HPCL.NS and Chennai Petroleum CHPC.NS rise after windfall tax cut on petroleum crude
**HPCL leads the gains with 3.3% rise, BPCL up 3.3%; others gain between 1.9% and 1.5%
** Nifty oil and gas index .NIFOILGAS up 1.7%
**BPCL, HPCL and CHPC on track for three-day rally
** All stocks except IOC outperform .NIFOILGAS, which has risen 39.2% so far this year
($1 = 83.8610 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of state-run Oil and Natural Gas Corp ONGC.NS, Indian Oil Corp IOC.NS, Oil India OILI.NS , Bharat Petroleum BPCL.NS, Hindustan Petroleum HPCL.NS and Chennai Petroleum CHPC.NS rise after windfall tax cut on petroleum crude
**HPCL leads the gains with 3.3% rise, BPCL up 3.3%; others gain between 1.9% and 1.5%
** Nifty oil and gas index .NIFOILGAS up 1.7%
**BPCL, HPCL and CHPC on track for three-day rally
** All stocks except IOC outperform .NIFOILGAS, which has risen 39.2% so far this year
($1 = 83.8610 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Chennai Petroleum Corporation June-Quarter Profit 3.43 Billion Rupees
July 25 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
CHENNAI PETROLEUM CORPORATION JUNE-QUARTER PROFIT 3.43 BILLION RUPEES
CHENNAI PETROLEUM CORPORATION LTD JUNE-QUARTER REVENUE FROM OPERATIONS 203.61 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: CHPC.NS
(([email protected];))
July 25 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
CHENNAI PETROLEUM CORPORATION JUNE-QUARTER PROFIT 3.43 BILLION RUPEES
CHENNAI PETROLEUM CORPORATION LTD JUNE-QUARTER REVENUE FROM OPERATIONS 203.61 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: CHPC.NS
(([email protected];))
Chennai Petroleum Corporation Says Arvind Kumar Ceased To Be MD
July 16 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
ARVIND KUMAR CEASED TO BE MD
H SHANKAR TAKEN ADDITIONAL CHARGE AS MD
Further company coverage: CHPC.NS
(([email protected];))
July 16 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
ARVIND KUMAR CEASED TO BE MD
H SHANKAR TAKEN ADDITIONAL CHARGE AS MD
Further company coverage: CHPC.NS
(([email protected];))
Indian refiners' May crude processing rises on firm demand
Refinery processing up 1.3% year-on-year
Natural gas output up 6.7% y-o-y
Crude oil production fell 1.2% y-o-y
Adds details and comments
June 21 (Reuters) - Indian refiners processed nearly 1.3% more crude oil in May than a year earlier, provisional government data published on Friday showed, while the share of Russian supplies in imports to the world's third biggest oil consumer increased.
Refinery throughput in May rose to 5.44 million barrels per day (23.03 million tonnes), also up 6.5% month-on-month.
"With India buying larger quantities of Russian crude, some of the refined products are exported to Europe, supporting processing runs," UBS analyst Giovanni Staunovo said.
Rising Indian demand, supported by solid economic and population growth, is also supporting runs, he added.
The share of Russian oil in India's oil imports in May rose to 41%, tanker data showed, while imports rose 6.7% year-on-year to 21.75 million metric tons, according to preliminary official data.
India's fuel consumption in May totalled 20.49 million metric tons (4.84 million barrels per day), higher that the previous month's consumption of 19.86 million tons but slightly below the 20.69 million tons seen in May 2023.
The month-on-month rise came as strong industrial activity and general elections boosted fuel demand in Asia's third-largest economy.
India's industrial output grew at a better-than-expected 5% year-on-year in April, while the economy grew by 7.8% in the first three months of this year.
Natural gas output jumped 6.7% year-on-year to 3.10 billion cubic metres, while crude oil production fell 1.2% to 2.47 million tons, the data showed.
"Indian oil production is likely to see a modest uptick near-term supported by new oil projects, but generally lack of sufficient investments is likely to see Indian production trending lower over the coming year," Staunovo added.
Hindustan Petroleum Corp HPCL.NS plans to start up its 180,000 barrel per day Barmer refinery in India's desert state of Rajasthan by end-December using mostly Middle East oil.
Following are details of refinery throughput and crude oil output:
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
May-24 | May-24 | May-23 | April-May 2024-25 | April-May 2023-24 | |
Plan | Actual | Actual | Actual | Actual | |
IOCL, Barauni | 558 | 549 | 580 | 1,094 | 1,126 |
IOCL, Bongaigaon | 75 | 60 | 258 | 305 | 508 |
IOCL, Digboi | 62 | 65 | 64 | 130 | 108 |
IOCL, Gujarat | 1,324 | 1,326 | 1,330 | 2,617 | 2,452 |
IOCL, Guwahati | 112 | 111 | 96 | 220 | 190 |
IOCL, Haldia | 745 | 690 | 720 | 1,346 | 1,426 |
IOCL, Mathura | 875 | 840 | 834 | 1,699 | 1,670 |
IOCL, Panipat | 1,364 | 1,269 | 1,263 | 2,552 | 2,515 |
IOCL, Paradip | 1,376 | 1,155 | 1,272 | 2,249 | 2,459 |
BPCL, Bina | 593 | 661 | 660 | 1,322 | 1,254 |
BPCL, Kochi | 1,424 | 1,508 | 1,464 | 2,933 | 2,849 |
BPCL, Mumbai | 1,309 | 1,284 | 1,332 | 2,642 | 2,591 |
HPCL, Mumbai | 829 | 816 | 791 | 1,336 | 1,628 |
HPCL, Vaisakh | 1,120 | 1,354 | 1,066 | 2,254 | 1,911 |
CPCL, Manali | 992 | 1,033 | 941 | 1,900 | 1,861 |
NRL, Numaligarh | 254 | 277 | 61 | 518 | 61 |
MRPL, Mangalore | 1,500 | 1,593 | 1,494 | 2,905 | 2,963 |
ONGC, Tatipaka | 3 | 6 | 6 | 11 | 13 |
HMEL, Bhatinda | 1,009 | 1,111 | 1,101 | 2,193 | 2,174 |
RIL, Jamnagar | 2,882 | 2,933 | 2,882 | 5,818 | 5,724 |
RIL, SEZ | 2,765 | 2,657 | 2,765 | 5,174 | 5,279 |
Nayara, Vadinar | 1,743 | 1,727 | 1,743 | 3,426 | 3,414 |
TOTAL | 22,916 | 23,026 | 22,727 | 44,644 | 44,177 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
CRUDE OUTPUT (in 1,000 tons):
May-2024 | May-2024 | May-2023 | |
Plan | Actual | Actual | |
ONGC | |||
Andhra Pradesh | 20 | 18 | 17 |
Assam ^ | 91 | 88 | 90 |
Gujarat | 394 | 386 | 379 |
Tamil Nadu | 20 | 18 | 18 |
Offshore # | 1,124 | 1,091 | 1,154 |
OIL | |||
Assam, Arunachal Pradesh & Rajasthan (heavy oil) | 306 | 294 | 278 |
Private Operators | 618 | 576 | 567 |
Total | 2,574 | 2,472 | 2,501 |
Total may not tally because some numbers have been rounded.
ONGC: Oil and Natural Gas Corp Ltd ONGC.NS
OIL: Oil India Ltd OILI.NS
^Includes oil output of Tripura
#Includes oil output from Mumbai High
(Reporting by Daksh Grover in Bengaluru; Additional reporting by Harshit Verma; Editing by Shailesh Kuber and Jan Harvey)
(([email protected];))
Refinery processing up 1.3% year-on-year
Natural gas output up 6.7% y-o-y
Crude oil production fell 1.2% y-o-y
Adds details and comments
June 21 (Reuters) - Indian refiners processed nearly 1.3% more crude oil in May than a year earlier, provisional government data published on Friday showed, while the share of Russian supplies in imports to the world's third biggest oil consumer increased.
Refinery throughput in May rose to 5.44 million barrels per day (23.03 million tonnes), also up 6.5% month-on-month.
"With India buying larger quantities of Russian crude, some of the refined products are exported to Europe, supporting processing runs," UBS analyst Giovanni Staunovo said.
Rising Indian demand, supported by solid economic and population growth, is also supporting runs, he added.
The share of Russian oil in India's oil imports in May rose to 41%, tanker data showed, while imports rose 6.7% year-on-year to 21.75 million metric tons, according to preliminary official data.
India's fuel consumption in May totalled 20.49 million metric tons (4.84 million barrels per day), higher that the previous month's consumption of 19.86 million tons but slightly below the 20.69 million tons seen in May 2023.
The month-on-month rise came as strong industrial activity and general elections boosted fuel demand in Asia's third-largest economy.
India's industrial output grew at a better-than-expected 5% year-on-year in April, while the economy grew by 7.8% in the first three months of this year.
Natural gas output jumped 6.7% year-on-year to 3.10 billion cubic metres, while crude oil production fell 1.2% to 2.47 million tons, the data showed.
"Indian oil production is likely to see a modest uptick near-term supported by new oil projects, but generally lack of sufficient investments is likely to see Indian production trending lower over the coming year," Staunovo added.
Hindustan Petroleum Corp HPCL.NS plans to start up its 180,000 barrel per day Barmer refinery in India's desert state of Rajasthan by end-December using mostly Middle East oil.
Following are details of refinery throughput and crude oil output:
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
May-24 | May-24 | May-23 | April-May 2024-25 | April-May 2023-24 | |
Plan | Actual | Actual | Actual | Actual | |
IOCL, Barauni | 558 | 549 | 580 | 1,094 | 1,126 |
IOCL, Bongaigaon | 75 | 60 | 258 | 305 | 508 |
IOCL, Digboi | 62 | 65 | 64 | 130 | 108 |
IOCL, Gujarat | 1,324 | 1,326 | 1,330 | 2,617 | 2,452 |
IOCL, Guwahati | 112 | 111 | 96 | 220 | 190 |
IOCL, Haldia | 745 | 690 | 720 | 1,346 | 1,426 |
IOCL, Mathura | 875 | 840 | 834 | 1,699 | 1,670 |
IOCL, Panipat | 1,364 | 1,269 | 1,263 | 2,552 | 2,515 |
IOCL, Paradip | 1,376 | 1,155 | 1,272 | 2,249 | 2,459 |
BPCL, Bina | 593 | 661 | 660 | 1,322 | 1,254 |
BPCL, Kochi | 1,424 | 1,508 | 1,464 | 2,933 | 2,849 |
BPCL, Mumbai | 1,309 | 1,284 | 1,332 | 2,642 | 2,591 |
HPCL, Mumbai | 829 | 816 | 791 | 1,336 | 1,628 |
HPCL, Vaisakh | 1,120 | 1,354 | 1,066 | 2,254 | 1,911 |
CPCL, Manali | 992 | 1,033 | 941 | 1,900 | 1,861 |
NRL, Numaligarh | 254 | 277 | 61 | 518 | 61 |
MRPL, Mangalore | 1,500 | 1,593 | 1,494 | 2,905 | 2,963 |
ONGC, Tatipaka | 3 | 6 | 6 | 11 | 13 |
HMEL, Bhatinda | 1,009 | 1,111 | 1,101 | 2,193 | 2,174 |
RIL, Jamnagar | 2,882 | 2,933 | 2,882 | 5,818 | 5,724 |
RIL, SEZ | 2,765 | 2,657 | 2,765 | 5,174 | 5,279 |
Nayara, Vadinar | 1,743 | 1,727 | 1,743 | 3,426 | 3,414 |
TOTAL | 22,916 | 23,026 | 22,727 | 44,644 | 44,177 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
CRUDE OUTPUT (in 1,000 tons):
May-2024 | May-2024 | May-2023 | |
Plan | Actual | Actual | |
ONGC | |||
Andhra Pradesh | 20 | 18 | 17 |
Assam ^ | 91 | 88 | 90 |
Gujarat | 394 | 386 | 379 |
Tamil Nadu | 20 | 18 | 18 |
Offshore # | 1,124 | 1,091 | 1,154 |
OIL | |||
Assam, Arunachal Pradesh & Rajasthan (heavy oil) | 306 | 294 | 278 |
Private Operators | 618 | 576 | 567 |
Total | 2,574 | 2,472 | 2,501 |
Total may not tally because some numbers have been rounded.
ONGC: Oil and Natural Gas Corp Ltd ONGC.NS
OIL: Oil India Ltd OILI.NS
^Includes oil output of Tripura
#Includes oil output from Mumbai High
(Reporting by Daksh Grover in Bengaluru; Additional reporting by Harshit Verma; Editing by Shailesh Kuber and Jan Harvey)
(([email protected];))
Chennai Petroleum Corporation Gets Direction From National Green Tribunal Southern Zone, Chennai To Pay 50 Mln Rupees
May 22 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
CHENNAI PETROLEUM CORPORATION LTD - GETS DIRECTION FROM NATIONAL GREEN TRIBUNAL SOUTHERN ZONE, CHENNAI TO PAY 50 MILLION RUPEES
Source text for Eikon: ID:nBSE1Prtbb
Further company coverage: CHPC.NS
(([email protected];))
May 22 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
CHENNAI PETROLEUM CORPORATION LTD - GETS DIRECTION FROM NATIONAL GREEN TRIBUNAL SOUTHERN ZONE, CHENNAI TO PAY 50 MILLION RUPEES
Source text for Eikon: ID:nBSE1Prtbb
Further company coverage: CHPC.NS
(([email protected];))
India's oil companies up after windfall tax cut
** Shares of state-run refiners Indian Oil Corp IOC.NS, Bharat Petroleum BPCL.NS, Hindustan Petroleum HPCL.NS, Chennai Petroleum CHPC.NS up between 0.4% and 1.3%
** Stock of other oil cos Mangalore Refinery and Petrochemicals MRPL.NS, Oil and Natural Gas Corp ONGC.NS and Oil India up between 1.6% and 4.2%
** India cut windfall tax on petroleum crude to 5,700 rupees ($68.30) per metric ton from 8,400 rupees
Company | Avg analyst rating* | Avg PT* | Current price |
IOC | Hold | 157.93 | 163.50 |
BPCL | Hold | 634.62 | 626.65 |
HPCL | Hold | 501.87 | 508.70 |
CHPC | Sell | 932.00 | 918.95 |
MRPL | Buy | 117.75 | 214.15 |
OILI | Strong Sell | 567.94 | 659.80 |
ONGC | Buy | 272.81 | 277.70 |
* LSEG data
($1 = 83.4575 Indian rupees)
(Reporting by Varun Vyas in Bengaluru)
** Shares of state-run refiners Indian Oil Corp IOC.NS, Bharat Petroleum BPCL.NS, Hindustan Petroleum HPCL.NS, Chennai Petroleum CHPC.NS up between 0.4% and 1.3%
** Stock of other oil cos Mangalore Refinery and Petrochemicals MRPL.NS, Oil and Natural Gas Corp ONGC.NS and Oil India up between 1.6% and 4.2%
** India cut windfall tax on petroleum crude to 5,700 rupees ($68.30) per metric ton from 8,400 rupees
Company | Avg analyst rating* | Avg PT* | Current price |
IOC | Hold | 157.93 | 163.50 |
BPCL | Hold | 634.62 | 626.65 |
HPCL | Hold | 501.87 | 508.70 |
CHPC | Sell | 932.00 | 918.95 |
MRPL | Buy | 117.75 | 214.15 |
OILI | Strong Sell | 567.94 | 659.80 |
ONGC | Buy | 272.81 | 277.70 |
* LSEG data
($1 = 83.4575 Indian rupees)
(Reporting by Varun Vyas in Bengaluru)
PREVIEW: Indian refiners BPCL, HPCL down ahead of Q4 results
** Shares of state-run refiners Bharat Petroleum BPCL.NS and Hindustan Petroleum HPCL.NS each down 1% ahead of Q4 results
** BPCL's and HPCL's Q4 standalone profit expected on avg by analysts to increase 18.7% and 7.3% YoY respectively - LSEG data
** Avg gross refining margin for PSU refiners, including BPCL and HPCL, expected to dip to $8.7/bbl in Q4 from $9.3/bbl in Q3 - Elara Capital
** OMCs should see sequential rise in earnings benefiting from lower crude for most part of the quarter, stronger refining and improved marketing profitabily - Jefferies
** Indian Oil Corp's IOC.NS Q4 profit had fallen 52% while analysts had expected it to fall 16.2%; its unit Chennai Petroleum CHPC.NS posted 39% drop in March-quarter profit
** BPCL, HPCL, IOC all rated "hold" on avg - LSEG data
(Reporting by Varun Vyas in Bengaluru)
** Shares of state-run refiners Bharat Petroleum BPCL.NS and Hindustan Petroleum HPCL.NS each down 1% ahead of Q4 results
** BPCL's and HPCL's Q4 standalone profit expected on avg by analysts to increase 18.7% and 7.3% YoY respectively - LSEG data
** Avg gross refining margin for PSU refiners, including BPCL and HPCL, expected to dip to $8.7/bbl in Q4 from $9.3/bbl in Q3 - Elara Capital
** OMCs should see sequential rise in earnings benefiting from lower crude for most part of the quarter, stronger refining and improved marketing profitabily - Jefferies
** Indian Oil Corp's IOC.NS Q4 profit had fallen 52% while analysts had expected it to fall 16.2%; its unit Chennai Petroleum CHPC.NS posted 39% drop in March-quarter profit
** BPCL, HPCL, IOC all rated "hold" on avg - LSEG data
(Reporting by Varun Vyas in Bengaluru)
Indian refiners' March crude processing slips about 3% y/y
May 6 (Reuters) - Indian refiners' throughput in March dropped nearly 3% year on year to 5.28 million barrels per day (22.32 million metric tons), provisional government data showed.
Natural gas output jumped by more than 6% compared to last year at 3.14 billion cubic metres, while crude oil production rose by 2% to year on year to 2.5 million tons, the data showed.
Following are details of refinery throughput and crude oil output:
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
March-2024 | March-2024 | March-2023 | April-March 2023-24 | April-March 2022-23 | |
Plan | Actual | Actual | Actual | Actual | |
IOC, Guwahati | 93 | 114 | 97 | 1,000 | 1,080 |
IOC, Barauni | 570 | 606 | 580 | 6,618 | 6,785 |
IOC, Gujarat | 1,325 | 1,370 | 1,346 | 15,202 | 15,567 |
IOC, Haldia | 725 | 736 | 743 | 8,060 | 8,506 |
IOC, Mathura | 856 | 901 | 898 | 9,191 | 9,573 |
IOC, Digboi | 62 | 69 | 59 | 710 | 713 |
IOC, Panipat | 983 | 1,105 | 1,298 | 14,305 | 13,810 |
IOC, Bongaigaon | 248 | 253 | 258 | 3,009 | 2,775 |
IOC, Paradip | 1,324 | 1,406 | 1,418 | 15,213 | 13,599 |
BPCL, Mumbai | 1,300 | 1,462 | 1,358 | 15,052 | 14,546 |
BPCL, Kochi | 1,365 | 500 | 1,542 | 16,258 | 16,017 |
BORL, Bina | 665 | 632 | 736 | 7,133 | 7,841 |
HPCL, Mumbai | 806 | 544 | 874 | 9639 | 9,804 |
HPCL, Visakh | 1,157 | 1,323 | 874 | 12,557 | 9,287 |
CPCL, Manali | 930 | 1,072 | 1,034 | 11,642 | 11,316 |
NRL, Numaligarh | 277 | 286 | 205 | 2,510 | 3,091 |
MRPL, Mangalore | 1,475 | 1,522 | 1,502 | 16,533 | 17,116 |
ONGC, Tatipaka | 6 | 5 | 5 | 66 | 74 |
HMEL, Bhatinda | 1,003 | 1,103 | 1,110 | 12,648 | 12,735 |
RIL, Jamnagar | 2,822 | 3,016 | 2,822 | 34,390 | 34,433 |
RIL, SEZ | 2,538 | 2,562 | 2,538 | 28,300 | 27,872 |
Nayara, Vadinar | 1,707 | 1,728 | 1,707 | 20,322 | 18,692 |
Total | 22,236 | 22,315 | 23,003 | 260,357 | 255,233 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
CRUDE OUTPUT (in 1,000 tons):
March-2024 | March-2024 | March-2023 | |
Plan | Actual | Actual | |
ONGC | |||
Andhra Pradesh | 16 | 21 | 17 |
Assam ^ | 94 | 89 | 87 |
Gujarat | 398 | 389 | 381 |
Tamil Nadu | 18 | 20 | 18 |
Offshore # | 1,080 | 1,115 | 1,151 |
OIL | |||
Assam, Arunachal Pradesh & Rajasthan (heavy oil) | 291 | 291 | 276 |
Private Operators | 632 | 578 | 522 |
Total | 2,528 | 2,504 | 2,455 |
Total may not tally because some numbers have been rounded.
ONGC: Oil and Natural Gas Corp Ltd ONGC.NS
OIL: Oil India Ltd OILI.NS
^Includes oil output of Tripura
#Includes oil output from Mumbai High
(Reporting by Daksh Grover and Rahul Paswan in Bengaluru; editing by David Evans)
(([email protected];))
May 6 (Reuters) - Indian refiners' throughput in March dropped nearly 3% year on year to 5.28 million barrels per day (22.32 million metric tons), provisional government data showed.
Natural gas output jumped by more than 6% compared to last year at 3.14 billion cubic metres, while crude oil production rose by 2% to year on year to 2.5 million tons, the data showed.
Following are details of refinery throughput and crude oil output:
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
March-2024 | March-2024 | March-2023 | April-March 2023-24 | April-March 2022-23 | |
Plan | Actual | Actual | Actual | Actual | |
IOC, Guwahati | 93 | 114 | 97 | 1,000 | 1,080 |
IOC, Barauni | 570 | 606 | 580 | 6,618 | 6,785 |
IOC, Gujarat | 1,325 | 1,370 | 1,346 | 15,202 | 15,567 |
IOC, Haldia | 725 | 736 | 743 | 8,060 | 8,506 |
IOC, Mathura | 856 | 901 | 898 | 9,191 | 9,573 |
IOC, Digboi | 62 | 69 | 59 | 710 | 713 |
IOC, Panipat | 983 | 1,105 | 1,298 | 14,305 | 13,810 |
IOC, Bongaigaon | 248 | 253 | 258 | 3,009 | 2,775 |
IOC, Paradip | 1,324 | 1,406 | 1,418 | 15,213 | 13,599 |
BPCL, Mumbai | 1,300 | 1,462 | 1,358 | 15,052 | 14,546 |
BPCL, Kochi | 1,365 | 500 | 1,542 | 16,258 | 16,017 |
BORL, Bina | 665 | 632 | 736 | 7,133 | 7,841 |
HPCL, Mumbai | 806 | 544 | 874 | 9639 | 9,804 |
HPCL, Visakh | 1,157 | 1,323 | 874 | 12,557 | 9,287 |
CPCL, Manali | 930 | 1,072 | 1,034 | 11,642 | 11,316 |
NRL, Numaligarh | 277 | 286 | 205 | 2,510 | 3,091 |
MRPL, Mangalore | 1,475 | 1,522 | 1,502 | 16,533 | 17,116 |
ONGC, Tatipaka | 6 | 5 | 5 | 66 | 74 |
HMEL, Bhatinda | 1,003 | 1,103 | 1,110 | 12,648 | 12,735 |
RIL, Jamnagar | 2,822 | 3,016 | 2,822 | 34,390 | 34,433 |
RIL, SEZ | 2,538 | 2,562 | 2,538 | 28,300 | 27,872 |
Nayara, Vadinar | 1,707 | 1,728 | 1,707 | 20,322 | 18,692 |
Total | 22,236 | 22,315 | 23,003 | 260,357 | 255,233 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
CRUDE OUTPUT (in 1,000 tons):
March-2024 | March-2024 | March-2023 | |
Plan | Actual | Actual | |
ONGC | |||
Andhra Pradesh | 16 | 21 | 17 |
Assam ^ | 94 | 89 | 87 |
Gujarat | 398 | 389 | 381 |
Tamil Nadu | 18 | 20 | 18 |
Offshore # | 1,080 | 1,115 | 1,151 |
OIL | |||
Assam, Arunachal Pradesh & Rajasthan (heavy oil) | 291 | 291 | 276 |
Private Operators | 632 | 578 | 522 |
Total | 2,528 | 2,504 | 2,455 |
Total may not tally because some numbers have been rounded.
ONGC: Oil and Natural Gas Corp Ltd ONGC.NS
OIL: Oil India Ltd OILI.NS
^Includes oil output of Tripura
#Includes oil output from Mumbai High
(Reporting by Daksh Grover and Rahul Paswan in Bengaluru; editing by David Evans)
(([email protected];))
Asia Distillates-Gasoil margins steady; ample supplies cap gains
SINGAPORE, April 30 (Reuters) - Refining margins for gasoil held steady near one-year lows in Asia on Tuesday as ample regional supplies capped recovery, while spot market activity was also largely thin ahead of a public holiday in Singapore and China.
The prompt-month crack GO10SGCKMc1 closed at about $14 a barrel on Tuesday, little changed from the previous day.
Meanwhile, the jet fuel market weakened further with its prompt-month contango deepening compared to the previous day.
Regrade spread JETREG10SGMc1 widened to a discount of $1.85 a barrel at the Asia close.
SINGAPORE CASH DEALS O/AS
- No gasoil deal, no jet fuel deal.
REFINERY NEWS REF/OUT
- U.S. oil refiners are expected to have about 865,000 million barrels per day (bpd) of capacity offline in the week ending May 3, increasing available refining capacity by 339,000 bpd, research company IIR Energy said.
NEWS
- Top oil exporter Saudi Arabia may raise prices for most of the crude grades it sells to Asia in June to their highest levels in five months after Middle East benchmarks strengthened this month, trade sources said.
- China's top energy producer PetroChina posted a 4.7% rise in first-quarter net income on Monday helped by growth in natural gas and a recovery in fuel demand.
- India's Chennai Petroleum Corp Ltd will build a 180,000-barrels-per-day refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said.
- Gasoline shortages have worsened in Nigeria's major cities, with long winding queues at fuel outlets on Monday, crippling transport and businesses and highlighting state oil firm NNPC Ltd's struggle to meet supply obligations.
PRICES
MID-DISTILLATES | |||||
CASH ($/T) | ASIA CLOSE | Change | % Change | Prev Close | RIC |
Spot Gas Oil 0.5% | 94.75 | -0.33 | -0.35 | 95.08 | GO-SIN |
GO 0.5 Diff | -6.45 | -0.01 | 0.16 | -6.44 | GO-SIN-DIF |
Spot Gas Oil 0.25% | 98.62 | -0.33 | -0.33 | 98.95 | GO25-SIN |
GO 0.25 Diff | -2.58 | -0.01 | 0.39 | -2.57 | GO25-SIN-DIF |
Spot Gas Oil 0.05% | 99.67 | -0.33 | -0.33 | 100.00 | GO005-SIN |
GO 0.05 Diff | -1.53 | -0.01 | 0.66 | -1.52 | GO005-SIN-DIF |
Spot Gas Oil 0.001% | 101.19 | -0.33 | -0.33 | 101.52 | GO10-SIN |
GO 0.001 Diff | -0.01 | -0.01 | -0.00 | 0.00 | GO10-SIN-DIF |
Spot Jet/Kero | 99.05 | -0.52 | -0.52 | 99.57 | JET-SIN |
Jet/Kero Diff | -0.38 | -0.05 | 15.15 | -0.33 | JET-SIN-DIF |
For a list of derivatives prices, including margins, please double click the RICs below. | |||||
Brent M1 | BRENTSGMc1 | ||||
Gasoil M1 | GOSGSWMc1 | ||||
Gasoil M1/M2 | GOSGSPDMc1 | ||||
Gasoil M2 | GOSGSWMc2 | ||||
Regrade M1 | JETREGSGMc1 | ||||
Regrade M2 | JETREGSGMc2 | ||||
Jet M1 | JETSGSWMc1 | ||||
Jet M1/M2 | JETSGSPDMc1 | ||||
Jet M2 | JETSGSWMc2 | ||||
Gasoil 500ppm-Dubai Cracks M1 | GOSGCKMc1 | ||||
Gasoil 500ppm-Dubai Cracks M2 | GOSGCKMc2 | ||||
Jet Cracks M1 | JETSGCKMc1 | ||||
Jet Cracks M2 | JETSGCKMc2 | ||||
East-West M1 | LGOAEFSMc1 | ||||
East-West M2 | LGOAEFSMc2 | ||||
LGO M1 | LGOAMc1 | ||||
LGO M1/M2 | LGOASPDMc1 | ||||
LGO M2 | LGOAMc2 | ||||
Crack LGO-Brent M1 | LGOACKMc1 | ||||
Crack LGO-Brent M2 | LGOACKMc2 | ||||
(Reporting by Jeslyn Lerh; Editing by Vijay Kishore)
SINGAPORE, April 30 (Reuters) - Refining margins for gasoil held steady near one-year lows in Asia on Tuesday as ample regional supplies capped recovery, while spot market activity was also largely thin ahead of a public holiday in Singapore and China.
The prompt-month crack GO10SGCKMc1 closed at about $14 a barrel on Tuesday, little changed from the previous day.
Meanwhile, the jet fuel market weakened further with its prompt-month contango deepening compared to the previous day.
Regrade spread JETREG10SGMc1 widened to a discount of $1.85 a barrel at the Asia close.
SINGAPORE CASH DEALS O/AS
- No gasoil deal, no jet fuel deal.
REFINERY NEWS REF/OUT
- U.S. oil refiners are expected to have about 865,000 million barrels per day (bpd) of capacity offline in the week ending May 3, increasing available refining capacity by 339,000 bpd, research company IIR Energy said.
NEWS
- Top oil exporter Saudi Arabia may raise prices for most of the crude grades it sells to Asia in June to their highest levels in five months after Middle East benchmarks strengthened this month, trade sources said.
- China's top energy producer PetroChina posted a 4.7% rise in first-quarter net income on Monday helped by growth in natural gas and a recovery in fuel demand.
- India's Chennai Petroleum Corp Ltd will build a 180,000-barrels-per-day refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said.
- Gasoline shortages have worsened in Nigeria's major cities, with long winding queues at fuel outlets on Monday, crippling transport and businesses and highlighting state oil firm NNPC Ltd's struggle to meet supply obligations.
PRICES
MID-DISTILLATES | |||||
CASH ($/T) | ASIA CLOSE | Change | % Change | Prev Close | RIC |
Spot Gas Oil 0.5% | 94.75 | -0.33 | -0.35 | 95.08 | GO-SIN |
GO 0.5 Diff | -6.45 | -0.01 | 0.16 | -6.44 | GO-SIN-DIF |
Spot Gas Oil 0.25% | 98.62 | -0.33 | -0.33 | 98.95 | GO25-SIN |
GO 0.25 Diff | -2.58 | -0.01 | 0.39 | -2.57 | GO25-SIN-DIF |
Spot Gas Oil 0.05% | 99.67 | -0.33 | -0.33 | 100.00 | GO005-SIN |
GO 0.05 Diff | -1.53 | -0.01 | 0.66 | -1.52 | GO005-SIN-DIF |
Spot Gas Oil 0.001% | 101.19 | -0.33 | -0.33 | 101.52 | GO10-SIN |
GO 0.001 Diff | -0.01 | -0.01 | -0.00 | 0.00 | GO10-SIN-DIF |
Spot Jet/Kero | 99.05 | -0.52 | -0.52 | 99.57 | JET-SIN |
Jet/Kero Diff | -0.38 | -0.05 | 15.15 | -0.33 | JET-SIN-DIF |
For a list of derivatives prices, including margins, please double click the RICs below. | |||||
Brent M1 | BRENTSGMc1 | ||||
Gasoil M1 | GOSGSWMc1 | ||||
Gasoil M1/M2 | GOSGSPDMc1 | ||||
Gasoil M2 | GOSGSWMc2 | ||||
Regrade M1 | JETREGSGMc1 | ||||
Regrade M2 | JETREGSGMc2 | ||||
Jet M1 | JETSGSWMc1 | ||||
Jet M1/M2 | JETSGSPDMc1 | ||||
Jet M2 | JETSGSWMc2 | ||||
Gasoil 500ppm-Dubai Cracks M1 | GOSGCKMc1 | ||||
Gasoil 500ppm-Dubai Cracks M2 | GOSGCKMc2 | ||||
Jet Cracks M1 | JETSGCKMc1 | ||||
Jet Cracks M2 | JETSGCKMc2 | ||||
East-West M1 | LGOAEFSMc1 | ||||
East-West M2 | LGOAEFSMc2 | ||||
LGO M1 | LGOAMc1 | ||||
LGO M1/M2 | LGOASPDMc1 | ||||
LGO M2 | LGOAMc2 | ||||
Crack LGO-Brent M1 | LGOACKMc1 | ||||
Crack LGO-Brent M2 | LGOACKMc2 | ||||
(Reporting by Jeslyn Lerh; Editing by Vijay Kishore)
India's Chennai Petroleum Hopes To Build 9 MTPA Refinery In Chennai By End 2027
April 29 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
INDIA'S CHENNAI PETROLEUM EXEC: RUSSIAN CRUDE WAS ABOUT 30% OF OVERALL CRUDE PROCESSING BY CPCL IN FY24
CHENNAI PETROLEUM EXEC: DISCOUNTS ON RUSSIAN CRUDE ARE DOWN SIGNIFICANTLY FROM LAST YEAR
CHENNAI PETROLEUM EXEC: HOPES TO BUILD 9 MTPA REFINERY IN CHENNAI BY END 2027
CHENNAI PETROLEUM EXEC: PLANNING TO SHUT SOME UNITS AT EXISTING REFINERY IN CHENNAI FOR A MONTH IN JULY-AUG
Source text for Eikon: [ID:]
Further company coverage: CHPC.NS
(([email protected];))
April 29 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
INDIA'S CHENNAI PETROLEUM EXEC: RUSSIAN CRUDE WAS ABOUT 30% OF OVERALL CRUDE PROCESSING BY CPCL IN FY24
CHENNAI PETROLEUM EXEC: DISCOUNTS ON RUSSIAN CRUDE ARE DOWN SIGNIFICANTLY FROM LAST YEAR
CHENNAI PETROLEUM EXEC: HOPES TO BUILD 9 MTPA REFINERY IN CHENNAI BY END 2027
CHENNAI PETROLEUM EXEC: PLANNING TO SHUT SOME UNITS AT EXISTING REFINERY IN CHENNAI FOR A MONTH IN JULY-AUG
Source text for Eikon: [ID:]
Further company coverage: CHPC.NS
(([email protected];))
Chennai Petroleum Corporation Dividend 55 Rupees Per Share
April 24 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
DIVIDEND OF 55 RUPEES PER SHARE
APRIL-MARCH AVERAGE GRM $8.64 PER BBL VERSUS $11.91 PER BBL YEAR AGO
PREFERENCE DIVIDEND OF 6.65% ON OUTSTANDING PREFERENCE SHARES FOR 332.5 MILLION RUPEES FOR YEAR 2023-24
MARCH-QUARTER PROFIT 6.12 BILLION RUPEES VERSUS PROFIT 10.04 BILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 208.23 BILLION RUPEES VERSUS 213.50 BILLION RUPEES
Further company coverage: CHPC.NS
(([email protected];))
April 24 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
DIVIDEND OF 55 RUPEES PER SHARE
APRIL-MARCH AVERAGE GRM $8.64 PER BBL VERSUS $11.91 PER BBL YEAR AGO
PREFERENCE DIVIDEND OF 6.65% ON OUTSTANDING PREFERENCE SHARES FOR 332.5 MILLION RUPEES FOR YEAR 2023-24
MARCH-QUARTER PROFIT 6.12 BILLION RUPEES VERSUS PROFIT 10.04 BILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 208.23 BILLION RUPEES VERSUS 213.50 BILLION RUPEES
Further company coverage: CHPC.NS
(([email protected];))
Indian refiners' Feb crude processing slips by more than 3% y/y
April 4 (Reuters) - Indian refiners' crude oil throughput in February dropped 3.3% year on year to 5.28 million barrels per day (20.88 million metric tons), provisional government data showed.
Natural gas output jumped by more than 11% to 2.95 billion cubic metres, while crude oil production rose by 4.2% to 0.59 million barrels per day (2.33 million tons), the data showed.
Oil India OILI.NS plans to start its 180,000 barrel per day (bpd) Numaligarh refinery in the northeastern state of Assam by December 2025, Chairman Ranjit Rath said on Wednesday.
Following are details of refinery throughput and crude oil output:
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
February-2024 | February-2024 | February -2023 | April-Feb 2023-24 | April-Feb 2022-23 | |
Plan | Actual | Actual | Actual | Actual | |
IOC, Guwahati | 87 | 99 | 86 | 887 | 983 |
IOC, Barauni | 533 | 542 | 543 | 6,012 | 6,205 |
IOC, Gujarat | 1,235 | 1,250 | 1,213 | 13,832 | 14,221 |
IOC, Haldia | 678 | 678 | 665 | 7,324 | 7,764 |
IOC, Mathura | 683 | 794 | 741 | 8,290 | 8,675 |
IOC, Digboi | 58 | 65 | 57 | 641 | 654 |
IOC, Panipat | 1,263 | 693 | 1,208 | 13,200 | 12,512 |
IOC, Bongaigaon | 204 | 239 | 233 | 2,756 | 2517 |
IOC, Paradip | 1,239 | 1,271 | 1,192 | 13,808 | 12,180 |
BPCL, Mumbai | 1,200 | 1,307 | 1,293 | 13,590 | 13,188 |
BPCL, Kochi | 1,250 | 1,204 | 1,407 | 15,757 | 14,475 |
BORL, Bina | 620 | 664 | 657 | 6,501 | 7,105 |
HPCL, Mumbai | 754 | 680 | 804 | 9,095 | 8,930 |
HPCL, Visakh | 1,024 | 1,254 | 746 | 11,234 | 8,413 |
CPCL, Manali | 870 | 1,014 | 928 | 10,570 | 10,282 |
NRL, Numaligarh | 260 | 262 | 244 | 2,224 | 2,886 |
MRPL, Mangalore | 1,350 | 1,462 | 1,393 | 15,011 | 15,614 |
ONGC, Tatipaka | 5 | 6 | 6 | 60 | 69 |
HMEL, Bhatinda | 939 | 885 | 1,008 | 11,545 | 11,625 |
RIL, Jamnagar | 2,576 | 2,695 | 2,576 | 31,374 | 31,611 |
RIL, SEZ | 2,280 | 2,192 | 2,280 | 25,738 | 25,334 |
Nayara, Vadinar | 1,568 | 1,622 | 1,568 | 18,594 | 16,985 |
Total | 20,676 | 20,877 | 20,848 | 238,042 | 232,229 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
CRUDE OUTPUT (in 1,000 tons):
February-2024 | February-2024 | February-2023 | |
Plan | Actual | Actual | |
ONGC | |||
Andhra Pradesh | 15 | 19 | 16 |
Assam ^ | 88 | 84 | 78 |
Gujarat | 372 | 363 | 346 |
Tamil Nadu | 17 | 19 | 19 |
Offshore # | 1,008 | 1,042 | 983 |
OIL | |||
Assam, Arunachal Pradesh & Rajasthan (heavy oil) | 272 | 264 | 246 |
Private Operators | 600 | 540 | 473 |
Total | 2,372 | 2,332 | 2,161 |
Total may not tally because some numbers have been rounded.
ONGC: Oil and Natural Gas Corp Ltd ONGC.NS
OIL: Oil India Ltd OILI.NS
^Includes oil output of Tripura
#Includes oil output from Mumbai High
(Reporting by Swati Verma in Bengaluru; editing by Jason Neely)
(([email protected]; +91 8894503862;))
April 4 (Reuters) - Indian refiners' crude oil throughput in February dropped 3.3% year on year to 5.28 million barrels per day (20.88 million metric tons), provisional government data showed.
Natural gas output jumped by more than 11% to 2.95 billion cubic metres, while crude oil production rose by 4.2% to 0.59 million barrels per day (2.33 million tons), the data showed.
Oil India OILI.NS plans to start its 180,000 barrel per day (bpd) Numaligarh refinery in the northeastern state of Assam by December 2025, Chairman Ranjit Rath said on Wednesday.
Following are details of refinery throughput and crude oil output:
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
February-2024 | February-2024 | February -2023 | April-Feb 2023-24 | April-Feb 2022-23 | |
Plan | Actual | Actual | Actual | Actual | |
IOC, Guwahati | 87 | 99 | 86 | 887 | 983 |
IOC, Barauni | 533 | 542 | 543 | 6,012 | 6,205 |
IOC, Gujarat | 1,235 | 1,250 | 1,213 | 13,832 | 14,221 |
IOC, Haldia | 678 | 678 | 665 | 7,324 | 7,764 |
IOC, Mathura | 683 | 794 | 741 | 8,290 | 8,675 |
IOC, Digboi | 58 | 65 | 57 | 641 | 654 |
IOC, Panipat | 1,263 | 693 | 1,208 | 13,200 | 12,512 |
IOC, Bongaigaon | 204 | 239 | 233 | 2,756 | 2517 |
IOC, Paradip | 1,239 | 1,271 | 1,192 | 13,808 | 12,180 |
BPCL, Mumbai | 1,200 | 1,307 | 1,293 | 13,590 | 13,188 |
BPCL, Kochi | 1,250 | 1,204 | 1,407 | 15,757 | 14,475 |
BORL, Bina | 620 | 664 | 657 | 6,501 | 7,105 |
HPCL, Mumbai | 754 | 680 | 804 | 9,095 | 8,930 |
HPCL, Visakh | 1,024 | 1,254 | 746 | 11,234 | 8,413 |
CPCL, Manali | 870 | 1,014 | 928 | 10,570 | 10,282 |
NRL, Numaligarh | 260 | 262 | 244 | 2,224 | 2,886 |
MRPL, Mangalore | 1,350 | 1,462 | 1,393 | 15,011 | 15,614 |
ONGC, Tatipaka | 5 | 6 | 6 | 60 | 69 |
HMEL, Bhatinda | 939 | 885 | 1,008 | 11,545 | 11,625 |
RIL, Jamnagar | 2,576 | 2,695 | 2,576 | 31,374 | 31,611 |
RIL, SEZ | 2,280 | 2,192 | 2,280 | 25,738 | 25,334 |
Nayara, Vadinar | 1,568 | 1,622 | 1,568 | 18,594 | 16,985 |
Total | 20,676 | 20,877 | 20,848 | 238,042 | 232,229 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
CRUDE OUTPUT (in 1,000 tons):
February-2024 | February-2024 | February-2023 | |
Plan | Actual | Actual | |
ONGC | |||
Andhra Pradesh | 15 | 19 | 16 |
Assam ^ | 88 | 84 | 78 |
Gujarat | 372 | 363 | 346 |
Tamil Nadu | 17 | 19 | 19 |
Offshore # | 1,008 | 1,042 | 983 |
OIL | |||
Assam, Arunachal Pradesh & Rajasthan (heavy oil) | 272 | 264 | 246 |
Private Operators | 600 | 540 | 473 |
Total | 2,372 | 2,332 | 2,161 |
Total may not tally because some numbers have been rounded.
ONGC: Oil and Natural Gas Corp Ltd ONGC.NS
OIL: Oil India Ltd OILI.NS
^Includes oil output of Tripura
#Includes oil output from Mumbai High
(Reporting by Swati Verma in Bengaluru; editing by Jason Neely)
(([email protected]; +91 8894503862;))
Indian refiners' monthly rally cools down at FY24-end
** Indian oil refiners end FY24 with meager monthly gains or losses after their rally sparked valuation concerns
** Mangalore Refinery and Petrochemicals MRPL.NS snapped 12-month gaining streak, while Hindustan Petroleum Corp HPCL.NS fell in March after four-month winning streak
** Indian Oil Corp IOC.NS post monthly gain of 1.3%, its smallest compared with gains in last four months
** Bharat Petroleum Corp BPCL.NS was little changed after rising six straight months, while Chennai Petroleum Corporation CHPC.NS climbed 2.6%, its smallest in gains over 13 months
** Brokerages Goldman Sachs and CLSA earlier this year cut their rating on some oil marketing companies to "sell" after shares sharply rally
** Since Jan 1, MRPL is up 64%, CHPC up 30%, and IOC is 29% higher vs Nifty oil and gas index's .NIFOILGAS 20.5% rise
** HPCL up 19.2%, BPCL advanced 33.7% YTD
(Reporting by Rama Venkat in Bengaluru)
** Indian oil refiners end FY24 with meager monthly gains or losses after their rally sparked valuation concerns
** Mangalore Refinery and Petrochemicals MRPL.NS snapped 12-month gaining streak, while Hindustan Petroleum Corp HPCL.NS fell in March after four-month winning streak
** Indian Oil Corp IOC.NS post monthly gain of 1.3%, its smallest compared with gains in last four months
** Bharat Petroleum Corp BPCL.NS was little changed after rising six straight months, while Chennai Petroleum Corporation CHPC.NS climbed 2.6%, its smallest in gains over 13 months
** Brokerages Goldman Sachs and CLSA earlier this year cut their rating on some oil marketing companies to "sell" after shares sharply rally
** Since Jan 1, MRPL is up 64%, CHPC up 30%, and IOC is 29% higher vs Nifty oil and gas index's .NIFOILGAS 20.5% rise
** HPCL up 19.2%, BPCL advanced 33.7% YTD
(Reporting by Rama Venkat in Bengaluru)
Chennai Petroleum Corporation Gets Direction From Tamil Nadu Pollution Control Board To Pay 62.4 Million Rupees
March 21 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
GETS DIRECTION FROM TAMIL NADU POLLUTION CONTROL BOARD TO PAY 62.4 MILLION RUPEES
Source text for Eikon: ID:nNSE5TKN3r
Further company coverage: CHPC.NS
(([email protected];))
March 21 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:
GETS DIRECTION FROM TAMIL NADU POLLUTION CONTROL BOARD TO PAY 62.4 MILLION RUPEES
Source text for Eikon: ID:nNSE5TKN3r
Further company coverage: CHPC.NS
(([email protected];))
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What does Chennai Petrol. Corp do?
Chennai Petroleum Corporation Limited (CPCL) is one of the leading oil refining companies in India, with two refineries producing a wide range of fuel, lube, wax, and petrochemical products.
Who are the competitors of Chennai Petrol. Corp?
Chennai Petrol. Corp major competitors are MRPL, HPCL, BPCL, Indian Oil Corp., Reliance Industries. Market Cap of Chennai Petrol. Corp is ₹10,951 Crs. While the median market cap of its peers are ₹1,45,687 Crs.
Is Chennai Petrol. Corp financially stable compared to its competitors?
Chennai Petrol. Corp seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Chennai Petrol. Corp pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Chennai Petrol. Corp latest dividend payout ratio is 34.78% and 3yr average dividend payout ratio is 25.33%
How has Chennai Petrol. Corp allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Accounts Receivable, Short Term Loans & Advances
How strong is Chennai Petrol. Corp balance sheet?
Balance sheet of Chennai Petrol. Corp is strong. But short term working capital might become an issue for this company.
Is the profitablity of Chennai Petrol. Corp improving?
No, profit is decreasing. The profit of Chennai Petrol. Corp is -₹243.96 Crs for TTM, ₹214 Crs for Mar 2025 and ₹2,745 Crs for Mar 2024.
Is the debt of Chennai Petrol. Corp increasing or decreasing?
The net debt of Chennai Petrol. Corp is decreasing. Latest net debt of Chennai Petrol. Corp is ₹2,350 Crs as of Mar-25. This is less than Mar-24 when it was ₹2,573 Crs.
Is Chennai Petrol. Corp stock expensive?
Chennai Petrol. Corp is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Chennai Petrol. Corp is 0.0, while 3 year average PE is 9.25. Also latest EV/EBITDA of Chennai Petrol. Corp is 30.35 while 3yr average is 6.43.
Has the share price of Chennai Petrol. Corp grown faster than its competition?
Chennai Petrol. Corp has given better returns compared to its competitors. Chennai Petrol. Corp has grown at ~12.21% over the last 10yrs while peers have grown at a median rate of 9.58%
Is the promoter bullish about Chennai Petrol. Corp?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Chennai Petrol. Corp is 67.29% and last quarter promoter holding is 67.29%.
Are mutual funds buying/selling Chennai Petrol. Corp?
The mutual fund holding of Chennai Petrol. Corp is increasing. The current mutual fund holding in Chennai Petrol. Corp is 1.95% while previous quarter holding is 1.77%.