News Release Details
Refiners boost May output by 15%
New Delhi 29-Jun-2007
Oil refiners raised their processing by 14.9%in May, compared with a year earlier, to gain from high emerging overseas, government data showed on Thursday. Refineries in Asia's third-largest consumer processed 3.15 million barrels per day of crude last month, up from 2.74 million bpd a year ago. "Crude through-put of most of the refineries exceeded their planned targets as companies find global refining margin sat tractate/'an oil ministry official said. Refinery output was high eras India added more capacity during the last 12 months. India is expanding its refining capacity to meet local demand and tap global markets, where refiners can make more money than selling at state-regulated lower retail rates.
New Delhi 29-Jun-2007
Oil refiners raised their processing by 14.9%in May, compared with a year earlier, to gain from high emerging overseas, government data showed on Thursday. Refineries in Asia's third-largest consumer processed 3.15 million barrels per day of crude last month, up from 2.74 million bpd a year ago. "Crude through-put of most of the refineries exceeded their planned targets as companies find global refining margin sat tractate/'an oil ministry official said. Refinery output was high eras India added more capacity during the last 12 months. India is expanding its refining capacity to meet local demand and tap global markets, where refiners can make more money than selling at state-regulated lower retail rates.