Essar oil records healthy growth in crude throughput

Nayara Energy Ltd. | Refineries | Oil & Gas | BSE: 500134 | NSE: ESSAROIL

04 Dec 2008 Evaluate

The domestic crude oil production for the month of October 2008 declined marginally 0.3% to 2,916 thousand tonne compared to corresponding previous month. During this period, Domestic natural gas production fell 1% at 2,831 million standard cubic meters (MSCM). On the positive side, the Indian refineries recorded decent 5% increase in crude throughput to 13.3 million tonne in October 2008. Their overall capacity utilization increased to 105% during October 2008 as against 101% in corresponding previous month.

Indian oil crude throughput improved 8% to 4.03 million tonne, BPCL crude throughput declined 8% to 1.69 million tonne in October 2008 compared to 1.84 million tonne in October 2008 while HPCL crude throughput increased 1% to 1.44 million tonne. The crude throughput of the private sector has increased by 19% to 3.96 million tonne in October 2008. The capacity utilization of Indian refineries increased to 105% during October 2008 from 101% in October 2007.

Essar oil recorded impressive 72.5% spike in crude throughput to 1.07 million tonne in October 2008 from 0.62 million tonne in October 2007. Its throughput more than doubled (117% increase) in the seven months ended October 2008 to 7.462 million tonne, thanks to operating at 121% capacity utilization during this period.

For period between April-October 2008 the crude production decreased 0.7% at 19,719 thousand tonne as against 19,868 thousand tonne in the corresponding previous period. In the seven months ended October 2008, Natural gas production increased 4% to 19,446 MSCM.

For the period between April-October 2008 the crude throughput increased 5% to 94.17 million tonne compared to corresponding previous year period. Indian oil crude throughput for April- October 2008 improved 7% to 28.59 million tonne; BPCL crude throughput decreased 5% to 11.93 million tonne while HPCL crude throughput declined 7% to 8.9 million tonne. The private sector crude throughput saw an increase of 17% at 28.97 million tonne for April-October 2008. The overall capacity utilization of Indian refineries improved to 108% during April-October 2008 as against 103% in corresponding previous year.crack crack

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Indian Oil Corp.	142.20
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HPCL	374.60
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