Chennai Petrol. Corp

Aug 26 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:

• INDIA CHENNAI PETROLEUM EXEC: PLANS TO SET UP 50 FUEL RETAIL OUTLETS IN FY27

• CHENNAI PETROLEUM EXEC: CO IS STUDYING REFINING CAPACITY EXPANSION WITH INTEGRATED PETROCHEMICAL UNITS

• CHENNAI PETROLEUM EXEC: EXPECT 102.9% CAPACITY USE IN FY27, 106.7% IN FY 28 AND 108.6% IN FY 29

• CHENNAI PETROLEUM EXEC: RAISED OIL IMPORTS FROM RUSSIA, WEST AFRICA AS SUPPLIES HIT BY MIDDLE EAST CRISIS

Further company coverage: CHPC.NS

(([email protected];))

NEW DELHI, Aug 1 (Reuters) - Indian Oil Corp IOC.NS, the country's top refiner, has sharply raised oil purchases from the spot markets to make up for the loss of Middle Eastern supplies, its head of finance Anuj Jain said at an analyst meeting on Saturday following the June quarter earnings.

• "Our spot volume jumped from 50% to almost 84%, and the situation is very very dynamic...we keep track of the development on a day-to-day basis and try to optimize our crude sourcing," Jain said.

• Indian refiners have switched to spot purchases due to supply disruption from the Strait of Hormuz and Red Sea, after the U.S.-Iran war began in late February.

• The company relies heavily on spot purchase of Russian oil for processing at its refineries.

• IOC has stepped up purchase of oil from West African and Latin American producers to make up for the supply disruption from the Middle East, he said.

• IOC, along with its subsidiary Chennai Petroleum Corp CHPC.NS, controls about a third of India's 5.2 million barrels per day refining capacity.

• IOC aims to process 1.7 million bpd oil at its directly owned refineries in 2027/28 as it hopes to expand capacity of some of the units by end of this year, Jain said.

  
  

(Reporting by Nidhi Verma
Editing by Shri Navaratnam)

(([email protected]; X: @nidhi712;))

BENGALURU, July 23 (Reuters) - Diary of India economic, corporate events on July 23

ECONOMIC, CORPORATE .BSE500 EVENTS:

AMC - After Market Close

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

(([email protected]))

Chennai Petroleum Corporation has been granted Navratna status by the Government of India, as conveyed by the Department of Public Enterprises through a letter dated June 19, 2026. The classification elevates the company's standing among state-owned enterprises, conferring greater autonomy in capital expenditure, joint ventures, and organizational restructuring. The move is expected to streamline decision-making and enhance the company's ability to pursue growth opportunities in the refining and petrochemical sectors.

Powered by Tijori

April 24 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:

• CHENNAI PETROLEUM MARCH-QUARTER CONSOL PROFIT 14.22 BILLION RUPEES

• CHENNAI PETROLEUM MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 204.55 BILLION RUPEES

• CHENNAI PETROLEUM - RECOMMENDS DIVIDEND OF 54 RUPEES PER EQUITY SHARE

Source text: [ID:]

Further company coverage: CHPC.NS

(([email protected];))

** Shares of India's Reliance Industries RELI.NS fall 2.8% to near one-week low of 1,313 rupees

** India raises export duties on diesel, aviation turbine fuel

** Refiners MRPL MRPL.NS and Chennai Petroleum CHPC.NS fall 2.4% and 1.9%, respectively

** Nomura says MRPL, Nayara, CPCL, HPCL Mittal Energy, Numaligarh and domestic refineries of RELI will be subject to windfall tax on export of diesel and air turbine fuel

** Adds that RELI's export refinery, which accounts for almost half its refining capacity, not impacted

** RELI rated "buy" on average by 32 brokerages, median PT is 1,700 rupees, per data compiled by LSEG

** YTD, RELI stock down 16.4%

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

Updates

** Shares of India's Reliance Industries RELI.NS fall 4.5% to near one-year low of 1,290 rupees

** Stock set for a fourth session of losses in five after India imposes windfall tax on diesel exports

** Analysts expect refining margins of RELI, India's largest fuel exporter, to be impacted

** Recently imposed export taxes and oil marketing companies reportedly sourcing discounted crude to ensure refiners also absorb a meaningful share of sector-wide losses as consumers remain protected, says Citi Research

** Says this is the first instance where the burden of under-recoveries has been concentrated on downstream refiners and marketers, alongside partial fiscal absorption

** Other refiners MRPL MRPL.NS and Chennai Petroleum CHPC.NS also down 1.6% and 3.9%, respectively

** Stock rated "buy" on average by 32 brokerages, median PT is 1,700 rupees, per data compiled by LSEG

** YTD, RELI stock down 17.2%

(Reporting by Vivek Kumar M)

(([email protected];))

Recasts with comments from oil ministry

By Nidhi Verma

March 19 (Reuters) - India, the world's fourth-largest refiner, will review its fuel exports if needed to ensure availability in the local markets, a government official said on Thursday, amid global disruption and soaring oil prices stemming from the Iran war.

"Domestic consumption is priority, and the government will review (the export plan)," Sujata Sharma, a joint secretary in the federal petroleum ministry told a news conference.

India has ordered oil and gas companies to share full details of exports, imports and inventories with a government agency, as the South Asian nation seeks to shield consumers from shortages.

India has designated the Petroleum Planning and Analysis Cell to compile the information and all companies must share information regardless of any confidentiality obligations.

India has been hit hard by the jump in crude prices and disruption in oil and gas supplies, but unlike China it has not moved to ban exports of refined fuels.

The data will help India in taking faster and "more targeted interventions such as imposing export restrictions or calibrating export flows to meet its own energy security", said Prashant Vashisth, vice president at Moody's affiliate ICRA.

He said India can use its excess refining capacity to prioritise fuel supply to friendly or strategically aligned countries after meeting its local demand.

"Nowadays buyers are willing to pay a higher price. The question is of availability, which is beginning to outweigh prices," Vashisth said.

Any move to curtail fuel exports by India will hit Reliance Industries RELI.NS, the operator of the world's biggest refining complex, as other refiners have largely stopped exporting fuels.

All companies involved in the oil and gas supply chain including oil producers, importers, refiners, fuel and gas retailers, liquefied natural gas importers, pipeline operators, and petrochemical plants were ordered to provide PPAC with data.

India, the world's third-biggest oil importer and consumer, meets over 90% of its oil needs through purchases from overseas.

So far the federal government has said there are adequate crude supplies and refined fuel stocks to meet local demand.

However, the world's second-largest LPG importer is facing its worst cooking gas crisis in decades with shipments from the Strait of Hormuz almost halted due to the war.

India was sourcing more than 40% of its crude imports and 90% of its liquefied petroleum gas imports from the Middle East.

Indian refiners have bought millions of barrels of Russian oil floating on the high seas after Washington granted a sanctions waiver.

The country has invoked emergency powers ordering refiners to maximise production of LPG and cut sales to industry to avoid a shortage for its 333 million homes with LPG connections.

India last week asked consumers to avoid panic buying of LPG cylinders and shift to piped natural gas where possible.

(Reporting by Akanksha Khushi in Bengaluru; Editing by Andrew Cawthorne, Deepa Babington, Kevin Buckland, Alexandra Hudson)

(([email protected];))

March 11 (Reuters) - Manali Petrochemicals Ltd MNLI.NS:

• CPCL CEASES PROPYLENE SUPPLY TO MPL WITH IMMEDIATE EFFECT

• TEMPORARILY SUSPENDS OPERATIONS AT PLANT-1, MANALI, CHENNAI FROM MARCH 12, 2026

• PLANT-1 SHUTDOWN CONSTITUTES FORCE MAJEURE

• CONTINUES PLANT-2 OPERATIONS USING AVAILABLE FEEDSTOCK INVENTORY

Source text: ID:nNSE8Yd4dt

Further company coverage: MNLI.NS

(([email protected];;))

By Nidhi Verma

NEW DELHI/MOSCOW, Dec 17 (Reuters) - India's Russian oil imports are poised to top 1 million barrels per day in December, trade and refining sources said, defying expectations for a sharp decline as refiners have resumed buying from non-sanctioned entities offering deep discounts.

Ties between the two countries have remained strong despite pressure from Western sanctions after Russian President Vladimir Putin met with Indian Prime Minister Narendra Modi earlier this month. At the time, the two leaders said their cooperation would continue.

After India - the world's third-largest crude importer - shipped in 1.77 million bpd of Russian oil in November, up 3.4% from October, according to data from trade sources, imports were expected to plunge due to Washington's sanctions on two top Russian producers as some refiners slowed or paused purchases.

December arrivals are likely to exceed 1.2 million bpd, according to preliminary LSEG trade flow data, which could rise to an average of 1.5 million bpd by the end of the month, one trade source said.

The source and others declined to be named publicly as they were not authorised to speak with the media.

India's December imports from Russia have been fuelled by a rush among buyers to finalise deals ahead of Washington's November 21 deadline for completing transactions with Rosneft ROSN.MM and Lukoil LKOH.MM, with several such cargoes recently arriving at Indian ports, LSEG data shows.

Imports could remain near December levels in January as new non-sanctioned entities step in to supply Russian cargoes, trade sources said.

Refining sources, however, estimated that January volumes would be lower than 1 million bpd as Reliance Industries RELI.NS has halted purchases. Reliance is receiving at least 10 Russian oil cargoes this month, according to LSEG data.

Reliance did not immediately respond to a request for comment.

STATE REFINERS RETURN TO PURCHASES

Top refiner Indian Oil Corp IOC.NS is buying Russian volumes in line with pre-sanctions levels, two sources said. Bharat Petroleum BPCL.NS has raised its January purchases to at least six cargoes from two in December, while Hindustan Petroleum is in talks for January loadings, sources said.

The three state refiners and India's oil ministry did not respond to requests for comment.

Private refiner Nayara Energy, which is majority-owned by Russian firms including Rosneft, continues to buy only Russian oil following the withdrawal of other suppliers after it was sanctioned by the EU and Britain.

Reliance and HPCL Mittal Energy have said they are halting Russian oil purchases. They, along with Mangalore Refinery and Petrochemicals MRPL.NS, are skipping Russian purchases for January, sources said.

MRPL did not respond to a request for comment.

TOP RUSSIAN BUYER

India became Russia's biggest seaborne crude buyer after the West imposed a raft of sanctions against Moscow for invading Ukraine. But those purchases became a liability in trade talks with the U.S., as President Donald Trump doubled import tariffs on Indian goods to 50%.

"Thanks to President Trump's leadership, Russia has been forced to accept deep discounts and fewer buyers for its oil," a U.S. official said. "These pressures are limiting the Kremlin's revenues and increasing the financial strain of sustaining its war."

To facilitate exports, Russian producers are using domestic market swaps - exchanging oil bound for local refineries with export volumes handled by non-sanctioned firms - to maintain flows to India without breaching sanctions, industry sources said.

Such swaps are commonly used in Russia to manage domestic supply tightness while preserving export commitments, they added.

"There is a possibility that non-sanctioned entities can increase their crude output and shift supplies to export markets and sanctioned barrels can meet Russia's local demand," said Prashant Vashisth, vice president at Moody's affiliate ICRA.

Indian refiners are attracted by January prices that are discounted by about $6 per barrel to dated Brent, two or three times wider than in August, sources said.

Indian refiners' Russian oil purchases peaked near 2 million bpd in June, according to data obtained from trade sources.

(Reporting by Nidhi Verma in New Delhi and Reuters reporters in Moscow, additional reporting by Timothy Gardner in Washington; Editing by Thomas Derpinghaus)

(([email protected]; X: @nidhi712;))

Dec 1 (Reuters) - Indian refiners' crude throughput rose by 6.8% month-on-month in October to 5.50 million barrels per day (22.50 million metric tons), provisional government data showed on Monday.

Refinery throughput in September was at 5.15 million barrels per day (21.07 million metric tons).

On a year-on-year basis, refinery throughput gained 5.6% in October.

India's fuel consumption hit a five-month high in October, with demand rising 7.7% from September to 20.17 million metric tons, oil ministry data showed on Friday.

India's crude oil imports rose nearly 9% in October to 20.28 million metric tons month-on-month, their highest level since April, government data showed on Thursday.

The country is the world's third-biggest oil importer and consumer.

Indian refiners had paused purchases of Russian oil after Washington sanctioned two major Russian crude exporters, as they awaited government guidance and sought spot-market alternatives, industry sources said in late October.

On October 22, U.S. President Donald Trump imposed Ukraine-related sanctions on Russia's largest oil companies, Lukoil and Rosneft ROSN.MM.

However, top refiner Indian Oil Corp IOC.NS then bought five cargoes of Russian oil for December delivery from non-sanctioned entities, traders said, despite U.S. pressure on New Delhi to curb imports.

India's crude oil imports from Russia are expected to have risen slightly in October from a month earlier, according to preliminary ship-tracking data from Kpler and OilX.

India became the top buyer of seaborne Russian crude after Moscow's 2022 invasion, importing 1.9 million bpd in the first nine months of 2025, about 40% of Russia's exports, according to the International Energy Agency.

REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):

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 Pablo Sinha in Bengaluru;)

(([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):

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];))

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.

(Reporting by Nidhi Verma; Editing by Florence Tan and Lincoln Feast.)

(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))

** Shares of Chennai Petroleum Corp CHPC.NS down 8.1% to 700 rupees

** Refiner posted consol loss at 401 million rupees ($4.6 million) for the quarter ended June 30, from profit 3.57 billion rupees a year ago

** Stock was trading about 1.5% lower ahead of the announcement

** Year-to-date, stock up ~14%

($1 = 86.6200 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

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):

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];))

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];))

April 2 (Reuters) - Chennai Petroleum Corporation Ltd CHPC.NS:

• H. SHANKAR APPOINTED AS MD

Further company coverage: CHPC.NS

(([email protected];;))

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):

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;;))

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];;))

Adds more details throughout

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.

India, which is the world's third-biggest oil importer and consumer, saw fuel demand rising to a seven-month high in December, while crude oil imports rose to the highest level in four months.

Earlier this month, the U.S. imposed its broadest package of sanctions so far targeting Russia's oil and gas revenue, in an effort to give Kyiv and Donald Trump's administration leverage to reach a deal for peace in Ukraine.

"It may last a few months until alternate supply or alternate vessels are figured out by either Russia or Indian refiners," Prashant Vasisht, vice president and co-head of corporate ratings at ICRA, said.

"Indian refineries so far benefited from discounted Russian barrels, so it comes down to what happens to Russian flows going forward," UBS analyst Giovanni Staunovo said.

The share of Middle East oil in India's oil imports last month rose to a 22-month high of nearly 52% as refiners turned to the region to make up for the short supply of Russian oil, data showed.

Meanwhile, middlemen supplying Russian oil are not offering cargoes due to the new U.S. sanctions, according to the finance chief of Bharat Petroleum.

REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):

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;;))

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):

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 details and comments

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.

"As exports didn’t rise m/m (month-on-month) the refinery increase is the result of higher domestic demand, which still benefits from solid economic growth in India," said UBS analyst Giovanni Staunovo.

India's crude oil imports rose about 3.9% in October to 19.52 million metric tons on a monthly basis, while total product exports plunged over 22%, government data showed.

India, the world's third-biggest oil importer and consumer, saw demand rising by 2.9% year-on-year in October to 20.04 million tons, oil ministry data showed earlier this month, driven by strong economic activity.

Meanwhile, India's monthly intake of Russian oil increased by 3.3% in October to a three-month high of 1.95 million barrels per day (bpd), accounting for about two-fifths of overall imports, data provided by trade sources show.

The country's state-run Hindustan Petroleum Corp Ltd HPCL.NS is looking at raising its annual crude import deal with Iraq to 100,000 barrels per day (bpd) in 2025, up about 43% from this year, a company source said.

REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):

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 Sherin Elizabeth Varghese and Anjana Anil in Bengaluru. Editing by Mark Potter)

(([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):

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)

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** 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)

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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

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Oct 11 (Reuters) -

• CHENNAI PETROLEUM IN TALKS TO RAISE $3.3 BILLION FOR REFINERY- BLOOMBERG NEWS

Source https://tinyurl.com/3b47r646

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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]))

** 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)

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