BPCL will import 7.65m tonnes crude in 2003-2004

Vol 6, PW 26 (12 Mar 03) Midstream & Downstream

CRUDE OIL traders take note: Mumbai-based refiner Bharat Petroleum has drawn up a crude oil import strategy for the year from April 2003.

Central to this strategy is lower capacity utilisation at its Numaligarh Refinery in Assam - down from 3m t/y this year to 2.5m t/y next year. By contrast BPCL's Mumbai and Kochi refineries will refine the same as this year: 8.6m tonnes and 7.5m tonnes respectively.

Together, BPCL's refineries will process 18.65m tonnes of crude in 2003-04 against 19.2m tonnes this year. It will buy 11m tonnes from ONGC's Mumbai High and Assam oilfields, the same quantity as this year.

The balance 7.65m tonnes will be imported. See below: Bharat Petroleum's crude oil refining plan for 2003-04 Type of crude Mumbai refinery Kochi Refineries Numaligarh Refineries Total Mumbai High/Assam 5.5m tonnes 3m tonnes 2.5m tonnes 11m tonnes Imported crudes High Sulphur Low Sulphur 3.15m tonnes 2.805m tonnes 0.345m tonnes 4.5m tonnes 3m tonnes 1.5m tonnes 0 0 0 7.65m tonnes 5.805m tonnes 1.845m tonnes Total 8.65m tonnes 7.5m tonnes 2.5m tonnes 18.65m tonnes