October 18, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Indian Oil defers maintenance shutdown of units at Haldia: Report

Corp has deferred a maintenance shutdown at the 160,000 barrel-per-day (bpd) Haldia refinery by at least 15 days to mid-November to meet higher local fuel demand during the festival season, two sources familiar with matter said.

The country’s top refiner had planned to shut an about 80,000 bpd crude unit and some secondary units at its eastern India plant from Nov. 1, they said.

The refiner plans to shut a crude unit and a vacuum distillation unit for 40 days, a fluidised catalytic cracker for 50 days and a diesel hydro desulphuriser for 25 days, one of the sources said.

Haldia refinery has two crude and vacuum distillation units.

This source said the shutdown has been deferred to meet higher demand for gasoil and gasoline during the festival season.

The company did not immediately respond to a request for comment.

India’s busy festival season begins this month, with several celebrations dotting the calendar until November, when the Hindu festival of lights, Diwali, celebrated by millions, takes place.

 

(Reporting by Nidhi Verma; Editing by Kirsten Donovan)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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