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IOC to hike high sulphur crude processing limit

IOC to hike high sulphur crude processing limit
PTI
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First Published: Fri, Sep 12 2008. 03 03 PM IST
Updated: Fri, Sep 12 2008. 03 03 PM IST
Panipat: Indian Oil Corporation is looking at raising the quantity of high sulphur crude processed at its seven refineries to save money on crude oil imports.
“Currently our refineries process 50% of high sulphur crude and we want to take this percentage up to 76% by 2012 through upgrading our refineries,” IOC Director (Refineries) B N Bankapur told reporters here.
High sulphur crude is available at a discount of $4-5 per barrel to low sulphur crude oils.
Bankapur said the refinery upgradation and petrochemical plant being planned by the company will cut IOC’s Naptha exports to 0.6 to 0.7 million tonnes from current level of over two million tonnes.
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First Published: Fri, Sep 12 2008. 03 03 PM IST
More Topics: IOC | Crude | Sulphur | Price | Oil |