REFINERY NEWS ROUNDUP: Refineries in India ramp up runs
Refineries in India have been ramping up runs after demand for products, excluding jet, reached pre-coronavirus levels.
Average capacity utilization for all categories of refineries in India improved to 87% in October compared with 86% in the previous month, showed the latest survey of the oil ministry Nov. 25, reflecting gradual improvement in oil demand as Asia’s third-largest economy unlocks. However, the October run was lower than the previous year’s run rate of 104%. In October, state-run refineries recorded 89% run compared with 104% from a year ago and 83% in September. Private refineries recorded 80% run in October compared with 103% a year-ago and 89% in September. The private refiners’ lower run rate was mainly due to lower processing at Reliance operated export focused unit at 82% after maintenance shutdown of a Crude Distillation Unit at its Jamnagar complex and a poor run of Rosneft part-owned Nayara Energy