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MRPL aims higher refinery capacity by 2015-16

MRPL aims higher refinery capacity by 2015-16
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First Published: Fri, Oct 21 2011. 06 57 PM IST

Mangalore Refinery & Petrochemicals Ltd. facility in Mangalore. File photo.
Mangalore Refinery & Petrochemicals Ltd. facility in Mangalore. File photo.
Updated: Fri, Oct 21 2011. 06 57 PM IST
New Delhi: The country’s state-run Mangalore Refinery and Petrochemicals is aiming to raise refinery capacity to 18 million tonnes by 2015-16, its managing director U.K. Basu said on Friday.
Mangalore Refinery & Petrochemicals Ltd. facility in Mangalore. File photo.
“We are looking to buy from Latin American countries, Azerbaijan and the Middle East. We can also buy (crude) from Iraq to meet our expanding refinery capacity,” Basu said.
He also said the company was in talks with Shell, Gail and Petronet to build LNG terminals in southern India.
The state-run MRPL operates a 236,400 barrel-per-day (bpd) coastal refinery in southern India, whose capacity it is trying to raise by 27% to process cheaper heavy-sour grades with high acid content to lift profitability and improve yield.
The company plans to commission the expanded capacity in Jan-Feb, its managing director U.K. Basu said last month.
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First Published: Fri, Oct 21 2011. 06 57 PM IST