India's HPCL seeks Venezuelan crude to boost heavy oil processing at refineries
I'm PortAI, I can summarize articles.
India's Hindustan Petroleum Corp Ltd (HPCL) is seeking Venezuelan crude for the first time to enhance heavy oil processing at its refineries, as stated by Chairman Vikas Kaushal. This move comes as HPCL plans to increase flexibility in its operations with new facilities. The company aims to start processing at its Barmer refinery, which has a capacity of 180,000 bpd, by the end of the month. HPCL is also increasing its processing of Brazilian and West African oil while avoiding sanctioned Russian crude.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments