April 29, 2024 11:45 GMT
CPCL's Manali Refinery Works in July and New Refinery Delayed
REFINING
Chennai Petroleum Corp will shut some units of its operational 10.5m ton Manali refinery in Tamil Nadu for a month in July-August for maintenance, according to Finance Director Rohit Agrawala.
- The new refinery proposed by Chennai Petroleum Corp has delayed its commissioning to the end of 2027 from 2026 and yet to get necessary government approvals, he added.
- The 9m ton per year refinery project at Cauvery Basin in Tamil Nadu was announced in August 2022 has seen estimated costs increase to 363.5 billion rupees ($4.4bn).
- Chennai Petroleum Corp has been see the discount on Russian crude reducing in the last few months, he said.
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