MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

HPCL Plans New Barmer Refinery Operations by the End of December

REFINING
BulletEnergy BulletsHomepageCommodities

India’s state-run HPCL plans to start operating the new 180kb/d Barmer refinery in Rajasthan by the end of December and reach full capacity in about a year's time according to head of refineries S Bharatan.

  • "The new refinery can process 100% heavy grades so we will buy Middle Eastern heavy oil and will also bid to buy Mangala oil as we have a dedicated pipeline from the field to refinery," he said.
  • HPCL is aiming to commission an integrated petrochemical project at the same site in Q2 2025, Bharatan said.
  • The project was due for completion by December 2022 but was delayed by pandemic related shutdowns.
  • HPCL has a 74% stake in the project with the Rajasthan government holding the remainder.
121 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

India’s state-run HPCL plans to start operating the new 180kb/d Barmer refinery in Rajasthan by the end of December and reach full capacity in about a year's time according to head of refineries S Bharatan.

  • "The new refinery can process 100% heavy grades so we will buy Middle Eastern heavy oil and will also bid to buy Mangala oil as we have a dedicated pipeline from the field to refinery," he said.
  • HPCL is aiming to commission an integrated petrochemical project at the same site in Q2 2025, Bharatan said.
  • The project was due for completion by December 2022 but was delayed by pandemic related shutdowns.
  • HPCL has a 74% stake in the project with the Rajasthan government holding the remainder.