Crude oil refinery output up 4.1% in April-July 2015
India's crude oil refinery output jumped 9% to 18.947 million tonnes (mt) in July 2015 over July 2014, showing acceleration in the pace of growth from 6.2% growth recorded in the previous month June 2015. The output of public sector refineries declined 3.2% to 9.495 mt. However, the output of private refineries surged 9.2% to 7.949 mt, while that of public-private JV refiners shot up five times to 1.503 mt in July 2015.Among public refineries, the output of Indian Oil rose 2.5% to 4.54 mt, while the output of Mangalore Refineries moved up 4.8% to 1.03 mt in July 2015 over July 2014. The output of Numaligarh Refineries improved 3.6% to 0.248 mt, but that of Chennai Petroleum declined 10% to 0.699 mt. The output of Hindustan Petroleum and Bharat Petroleum also declined 27% to 1.041 mt and 0.9% to 1.932 mt in July 2015.
Among private refiners, the output of Essar Oil increased 5.1% to 1.748 mt, while that of Reliance Petroleum also surged 10.4% to 6.2 mt in July 2015 over July 2014.
Among JV refineries, the output of Bharat Oman grew 138% to 0.605 mt, while the output of HPCL Mittal moved up 1746% to 0.898 mt in July 2015 over a year ago.
The cumulative refinery output incraesed 4.1% to 73.167 mt in April-July 2015. The output of public refineries increased 4.6% to 38.204 mt, but that of private refineries was flat at 29.882 mt. The refinery output of JV refineries improved 31.6% to 5.082 mt in July 2015 over July 2014. Among public refineries, the output of Indian Oil, Mangalore Refineries and Bharat Petroleum rose, while that of Hindustan Petroleum, Chennai Petroleum, and Numaligarh Refineries declined.
The overall capacity utilization was higher at 102.5% in July 2015 and 104.5% in April-July 2015 compared with 99.3% in July 2014 and 100.6% in April-July 2014.
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