BPCL Plans To Shut Bina Refinery In June For A Month For Maintenance

The state-run refiner also plans to shut half of its 240,000 bpd Mumbai refinery in western India for three to four weeks in September-October for maintenance

Topics

BPCL | Oil refinery | India oil reserves

Reuters  |  VARANASI, India 



BPCL

').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();

By Nidhi Verma

VARANASI, India (Reuters) - India's Bharat Petroleum Corp plans to shut its 156,000 barrels-per-day (bpd) Bina refinery in central India for about a month in June for maintenance, two sources familiar with the plan said.

The state-run refiner also plans to shut half of its 240,000 bpd Mumbai refinery in western India for three to four weeks in September-October for maintenance, the sources said.

BPCL's spokesperson did not respond to a Reuters' request for comments.

Sources said the details of the shutdown plan are "tentative" and dates will be finalised later.

"As of now plan is to shut Bina refinery from June 1, once Numaligarh (refinery) is back from its shutdown," one of the sources said.

Indian refiners have to shut units at refineries once every four years for maintenance and inspection.

Numaligarh Refinery Ltd plans to shut its 60,000-bpd plant in the northeast for about 40 days up to the end of April for maintenance, a company spokesperson told Reuters.

Sources said the planned shutdown of units at BPCL's refineries will not lead to shortages and the company will meet its supply commitments.

 

(Reporting by Nidhi Verma; Editing by Andrew Heavens)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

First Published: Mon, January 23 2023. 08:37 IST


RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more