Thursday, August 30, 2007

BPCL crude - Ash Shihr chopt Kharg Is.

National Iranian Oil Co (NIOC) is discussing a four-month term deal with BPCL, as BPCL looks to replace imports of costly Yemeni Masila crude. BPCL, on a test drive, is set to seal a 0.5 million tonnes mini term deal for the remaining four months of September-December with Iran. The crude will be processed at BPCL's Kochi refinery.

BPCL's other term deals:
Saudi Arab Medium crude - 3.75 million tonnes
Qatar - 1 million tonnes
Kuwait - 2 million tonnes
Abu Dhabi - 1.5 million tonnes
Malaysia - 750,000 tonnes
Brunei - 250,000 tonnes
Libya - 1 million tonnes
Domestic Mumbai High crude supplies - 7.1 million tonnes

Rest is procured from the spot market to augment a total processing of 21 MMTPA of crude at its 150,000 bpd Kochi and 240,000 bpd Mumbai refineries.

On the other hand, Iran supplies its crude cocktail to other Indian refiners as follows:
MRPL - 5-6MMT
IOCL - 1MMT
HPCL - 1MMT
Reliance - Data undisclosed

Immune to radiations, the Asian countries have stepped up their imports of Iranian crude this year.

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