Sanjay Khanna, the company's head of refineries, said at an industry event that BPCL, the third-largest oil refiner in the nation, intends to shut its 120,000 barrels per day (bpd) crude unit and several secondary units at the 310,000 bpd Kochi refinery in southern India starting in mid-September.
Although it intends to close a crude unit at its largest refinery for a month for maintenance, India's state-run Bharat Petroleum Corp does not anticipate any significant changes in its annual crude processing this fiscal year, an executive said on Thursday.
Sanjay Khanna, the company's head of refineries, said at an industry event that BPCL, the third-largest oil refiner in the nation, intends to shut its 120,000 barrels per day (bpd) crude unit and several secondary units at the 310,000 bpd Kochi refinery in southern India starting in mid-September.
With three refineries and a total nameplate capacity of 708,000 bpd, BPCL processed close to 800,000 bpd of oil in its most recent fiscal year, which concluded on March 31.
According to Khanna, his company uses spot purchases to fulfill almost half of its demand for imported petroleum.
He continued by saying that by mid-2027, BPCL hopes to have expanded its Bina refinery in central India to 220,000 bpd from its existing capacity of 156,000 bpd.
By mid-2028, the business plans to construct a 1.2 million ton per year (tpy) petrochemical facility at the Bina refinery, he said, with the option to grow to 1.5 million tpy.
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