IOC aims to start crude unit at Paradip by Wednesday: Sources

The unit was shut after a fire broke out at a vacuum distillation unit

IOCL
Reuters New Delhi
Last Updated : Feb 01 2016 | 4:18 PM IST

Indian Oil Corp aims to restart processing at its 300,000 barrels-per-day (bpd) crude unit by Wednesday, company sources said on Monday.

IOC, the country's biggest refiner, had shut the crude unit after a fire broke out at a vacuum distillation unit (VDU) on Saturday evening.

"We are ready to restart. On Tuesday or Wednesday we plan to restart the crude processing. Currently an assessment is going on," said one of the sources.

The refiner has one crude unit, attached to the VDU.

 

 

*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: Feb 01 2016 | 2:50 PM IST

Next Story