India’s oil refineries processed 2.94 million tons of crude oil in January, an average of 5.2 million barrels of crude oil a day, down 3.6% from a year earlier, according to the latest statistics released by India’s Ministry of Petroleum in New Delhi today, reflecting a partial shutdown of the private refiner, RIL.
Compared with 100% in December last year and 114.6% in January last year, the average utilization rate of Indian refineries in January was 104.4%.
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Analysts said the overall decline in crude oil processing business in India in January was mainly due to the shutdown of crude oil distillation and coking units at the Jamnagel Refinery in Gujarat State about four weeks from January 16.
In January, RIL’s domestic-focused refineries started at 79%, compared with 104.5% in the same period last year.
India’s total refining capacity in January increased by 4.3% compared with December last year, as private refinery Nayala Energy operated at full capacity after the full restructuring and restart.
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