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HPCL to Operate Vizag Refinery at Expanded Capacity of 15 mtpa

Hindustan Petroleum Corporation hopes to operate its Vizag refinery in southern India at an expanded capacity of 15 million tonnes per annum (mtpa) from the end of June, said its chairman Pushp Joshi.

 

HPCL is in the process of commissioning units at the refinery, which previously had a capacity of 8.33 mtpa, he said, adding HPCL's crude imports would rise in the next fiscal year from April as a result.

 

"Our crude imports will go up as we expand capacity. We will buy from wherever we get at cheaper rates," Joshi told reporters at an event to lunch gas-fuelled boats in the River Ganges.

 

India, the world's third biggest oil importer and consumer, buys over 80% of its oil needs from overseas. Indian refiners are investing billions of dollars to upgrade their plants to meet rising fuel demand in Asia's third largest economy.

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