News Release Details
BPCL Kochi unit to export less naphtha from 2009
Mumbai 25-Jun-2007
Bharat Petroleum Corp Ltd's (BPCL) Kochi refinery will export less naphtha after a capacity expansion. due to be completed by September 2009, its director of refineries, R K Singh, said on Sunday. BPCI, is boosting its capacity by 40,00 lk- barrels a day (bpd) to 1,90,000 bpd and is targeting production of higher quality fuels conforming with Euro III and Euro IV specifications. "The entire country is going to Euro IV (grade of auto fuels) from 2010 so that is why we are preparing to convert entire production to Euro III and Euro IV," Singh said. The refinery currently produces around 7,50,000 tonnes of naphtha a year, and exports over 360.000 tonnes. "Naphtha production will decline to around 350,000 lonnes so naturally our exports will be less," Singh said. BPCL is also setting up a 1.7 million tonne a year (34,000bpd) vacuum gas hydrotreater to reduce sulphur content. At the moment the Kochi refinery mainly produces Euro II petrol and diesel and a marginal quantity of Euro III fuels. BPCL is also installing an import-export facility known as a single point mooring to handle very large crude carriers to cut freight costs on crude imports. "Currently we import crude in small parcels of 70,000-80,000 tonnes per ship. This will be raised to 240,000 to 300,000 tonnes. Therefore freight per tonne will be reduced," he said. Singh said there would be no impact on fuel oil exports of around 40,000-45,000 tonnes a month unless the company decided to set up a 1.5 million tonnes a year cokcr, which was being explored. Oil minister Murli Deora. who inaugurated the refinery expansion and single point mooring, said BPCL would invest Rs 3,500 erore ($862 million) in the two projects. "This project will be commissioned over the next three months at an estimated cost of Rs 800 crore," Deora said.
Mumbai 25-Jun-2007
Bharat Petroleum Corp Ltd's (BPCL) Kochi refinery will export less naphtha after a capacity expansion. due to be completed by September 2009, its director of refineries, R K Singh, said on Sunday. BPCI, is boosting its capacity by 40,00 lk- barrels a day (bpd) to 1,90,000 bpd and is targeting production of higher quality fuels conforming with Euro III and Euro IV specifications. "The entire country is going to Euro IV (grade of auto fuels) from 2010 so that is why we are preparing to convert entire production to Euro III and Euro IV," Singh said. The refinery currently produces around 7,50,000 tonnes of naphtha a year, and exports over 360.000 tonnes. "Naphtha production will decline to around 350,000 lonnes so naturally our exports will be less," Singh said. BPCL is also setting up a 1.7 million tonne a year (34,000bpd) vacuum gas hydrotreater to reduce sulphur content. At the moment the Kochi refinery mainly produces Euro II petrol and diesel and a marginal quantity of Euro III fuels. BPCL is also installing an import-export facility known as a single point mooring to handle very large crude carriers to cut freight costs on crude imports. "Currently we import crude in small parcels of 70,000-80,000 tonnes per ship. This will be raised to 240,000 to 300,000 tonnes. Therefore freight per tonne will be reduced," he said. Singh said there would be no impact on fuel oil exports of around 40,000-45,000 tonnes a month unless the company decided to set up a 1.5 million tonnes a year cokcr, which was being explored. Oil minister Murli Deora. who inaugurated the refinery expansion and single point mooring, said BPCL would invest Rs 3,500 erore ($862 million) in the two projects. "This project will be commissioned over the next three months at an estimated cost of Rs 800 crore," Deora said.