Indian Refiners Processed 6% More Crude Oil in May – Record Month-on-Month Rise Since December 2022

2023-07-03 13:36:15

Indian refiners processed 6% more crude oil in May, according to provisional government data released on Monday, recording their biggest month-on-month rise since December 2022.

Refinery throughput in May reached 5.37 million barrels per day (22.7 million tonnes), up 0.4% from May last year.

In April, throughput fell 3.8% year-on-year to its lowest level in five months in terms of barrels per day, due to ongoing maintenance work.

In May, India’s crude oil imports rose 2% from a year earlier, thanks to continued purchases of discounted Russian fuel to meet strong domestic demand.

India’s Russian crude oil imports in May hit a record 62.8-66.7 million barrels as buyers took advantage of supply discounts, reducing demand for oil from the Middle East. East and Africa.

India’s fuel consumption also rose in May, with diesel sales hitting a record high, supported by strong industrial activity in the world’s third-largest oil consumer.

Natural gas production edged down 0.1% year-on-year to 2.91 billion cubic meters, while crude oil production fell 1.9% to 2.5 million tonnes, according to the data.

Below is detailed information on refinery throughput and crude oil production:

REFINING PRODUCTION IN TERMS OF CRUDE OIL PRODUCTION (in thousands of tonnes):

May-2023 May-2023 May-2022 April-May 2023 April-May 2022

Plan Actual Actual Actual Actual Actual

IOC, Guwahati 93 96 94 190 184

IOC, Barauni 553 580 584 1126 1135

IOC Gujarat 1 133 1 330 1 359 2 452 2 677

IOC, Haldia 725 720 712 1 426 1 419

IOC, Mathura 856 834 813 1 670 1 618

IOC, Digboi 62 64 62 108 120

IOC, Panipat 1 219 1 263 1 253 2 515 2 425

IOC, Bongaigaon 251,258,183,5

IOC, Paradip 1 146 1 272 1 363 2 459 2 690

BPCL, Mumbai 1 300 1 332 1 257 2 591 2 558

BPCL, Kochi 1 365 1 464 1 432 2 849 2 746

BORL, Bina 650 660 676 1 254 1 360

HPCL, Mumbai 761 791 844 1 628 1 576

HPCL, Visakha 934 1 066 803 1 911 1 600

CPCL, Manali 930 941 1 005 1 861 1 910

NRL, Numaligarh 80 61 275 61 546

MRPL, Mangalore 1 450 1 494 1 415 2 963 2 896

ONGC, Tatipaka 3 6 7 13 13

HMEL, Bhatinda 1 003 1 101 1 111 2 174 2 151

RIL, Jamnagar 3 124 2 882 3 124 5 724 6 158

RIL, SEZ 2,547 2,765 2,547 5,279 4,664

Nayara, Vadinar 1 726 1 743 1 726 3 414 3 386

TOTAL 21 910 22 727 22 644 44 177 44 224

Source: Ministry of Petroleum and Natural Gas: Ministry of Petroleum and Natural Gas

IOC : Indian Oil Corp

BPCL : Bharat Petroleum Corp Ltd

HPCL : Hindustan Petroleum Corp Ltd

CPCL : Chennai Petroleum Corp Ltd

MRPL : Mangalore Refinery and Petrochemicals Ltd

Reliance Industries Ltd

Please note that CPCL’s CBR Refinery is decommissioned and in the process of being shut down due to the inability to meet the required product specifications with the existing configuration.

CRUDE PRODUCTION (‘000 tonnes):

May-2023 May-2023 May-2022

Plan Actual Actual

ONGC

Andhra Pradesh 16 17 16

Assam ^ 91 90 84

Gujarat 388 379 386

Tamil Nadu 21 18 23

Offshore # 1,126 1,154 1,184

OIL

Assam, Arunachal Pradesh & 281 277 265

Rajasthan (heavy oil)

Private operators 588 567 591

Total 2 511 2 501 2 550

The total may not correspond to the sum of the components due to rounding.

ONGC : Oil and Natural Gas Corp Ltd

OIL : Oil India Ltd

Includes oil production from Tripura

#Includes Mumbai High Oil Production

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#Crude #oil #processing #Indian #refiners #increases

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