IOC FY06 imports seen steady at 31MT

Indian Oil Corporation (IOC) is planning to import just over 31 million tonne of crude oil in 2005-06 - almost the same quantity it is expected to import in the current fiscal.

IOC will import 14.47 million tonne of low sulphur (sweet) crude oil and 16.59 million tonne of high sulphur (sour) crude, company officials said.

The company will get 9.04 million tonne of crude oil from the domestic fields with the Gujarat-based Koyali refinery expected to get 6.8 million tonne of domestic crude in the next fiscal.

While the Guwahati and Digboi refineries will get 80,000 tonne and 6,00,000 tonne of Assam crude, the Mathura refinery in Uttar
Pradesh will get 8,40,000 tonne of domestic crude.

IOC is also planning to import 3.2 million tonne of lube, bituminous crude, 5.09 million tonne of non-lube, non-bituminous crude and 2.9 million tonne of non-lube, bituminous crude oil in the next fiscal.