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IOC Expects Slight Increase In Crude Runs In 2017/2018 Fiscal Year

Oil

Indian Oil Corporation expects its crude refinery throughputs in the 2017/2018 fiscal year to average 1.4M b/d, up marginally for the current fiscal year’s average of around 1.35M b/d, Reuters reports, citing the firm’s head of refineries. The IOC plans to carry out a number of planned refinery turnarounds during the upcoming fiscal year, including at its 160K b/d Mathura, 120K b/d Barauni and 274K b/d Koyali facilities. However, the 300K b/d Paradip refinery is set to be ramped up to 100% of capacity, compared with a current operating rate of around 90%.