CHENNPETRO

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

  
  

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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)

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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

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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):

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];))

Oct 29 (Reuters) - Indian refiners' throughput in September rose over 4% year-on-year to 5.17 million barrels per day (21.17 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 Ashitha Shivaprasad 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)

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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

(([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];))

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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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

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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];))

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):

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):

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)

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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];))

** 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

* LSEG data

($1 = 83.4575 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** 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)

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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):

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):

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];))

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

(Reporting by Jeslyn Lerh; Editing by Vijay Kishore)

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