Essar to shut 40,000 bpd crude unit for a week

Says crude throughput will reduce by 350,000 to 400,000 barrels

Reuters New Delhi
Last Updated : Aug 07 2014 | 12:08 PM IST

Essar Oil will shut a 40,000-barrel-per-day unit at its Vadinar refinery for a week for maintenance in the second half of this month, a company spokesman said on Thursday.

Essar operates a 400,000-barrel-per-day refinery at Vadinar in Gujarat.

"Our smaller CDU will go under maintenance shutdown in the fourth or the fifth week this month for about seven days. Our crude throughput during the maintenance period will be reduced by 350,000 to 400,000 barrels," the spokesman said.

However, industry and trade sources said the shutdown could last for about 10 days.

Essar has scheduled the shutdown to the later part of the month to take advantage of a planned cut in supplies of locally produced Mangala crude for about 10 days, industry sources said.

Cairn India Ltd , which operates an onland crude producing block at Barmer in Rajasthan, will shut its Mangala processing terminal for 10 days from Aug. 21 to add new units, they said.

No immediate comment was available from Cairn India.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 07 2014 | 11:49 AM IST

Next Story