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IOC to shutdown crude, refinery units across India for maintenance purposes

At least seven units to remain closed briefly in Haryana, Bihar and West Bengal, among others

Reuters  |  New Delhi 

Indian Oil Corporation, IOCL, IOC
Indian Oil Corporation logo outside a fuel station in New Delhi. Photo: Reuters

Indian Corp has lined up an extensive maintenance turnaround plan for its refineries in 2017, sources with knowledge of the plan said, which could force the country's top refiner to tap overseas markets for gasoline and diesel to meet rising local demand.

plans to shut a 150,000 barrel per day (bpd) crude unit at its 300,000 bpd Panipat refinery in northern and an associated naphtha cracker plant for about a month in July, the sources said, freeing up some naphtha for exports.

also plans to shut a 160,000 bpd Mathura refinery for 15 days from Aug 25; its 120,000 bpd Barauni refinery in for about five weeks in July-August; and a 150,000 bpd Haldia plant in of the country for about three weeks in November-December for a flare job.

plans to shut the only crude unit at its 300,000 bpd coastal Paradip refinery in for about three weeks for repairs in October to enhance its capability to process tough grades, the sources added.

The refiner has already shut some units at its 274,000 bpd Koyali refinery in for and maintenance from June 1.

There is not likely to be any planned shutdowns in the first quarter of 2018, because state refiners normally do not plan maintenance in the last quarter of their fiscal year, when they ramp up runs to meet annual production targets.

The company may change dates for the planned shutdowns depending on local fuel demand and the turnaround plans of other refiners, the sources said.

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