Indian Refiners Increase Oil Processing for 11th Month in 2011

Bharat Petroleum Corp. (BPCL) led refiners in boosting India’s crude processing in December for the 11th month in 2011.

Refiners turned 14.8 million metric tons of crude into fuels, 0.8 percent higher than a year earlier, the oil ministry said in a statement in New Delhi today.

Processing (INRNREAC) by Bharat Petroleum, the nation’s second-biggest state-run refiner, rose 34 percent to 2.1 million tons last month. Essar Oil Ltd. (ESOIL) processed 1.3 million tons, 0.1 percent higher than a year earlier.

Indian Oil Corp. (IOCL), the nation’s largest refiner, cut refining by 0.4 percent to 4.9 million tons after a plant at Haldia in the state of West Bengal reduced production by 13 percent. Output at Hindustan Petroleum Corp., based in Mumbai, fell 12.5 percent to 1.3 million tons.

Reliance Industries Ltd. (RIL), operator of the world’s biggest refining complex, cut production by 4.2 percent to 2.9 million tons. The company didn’t provide data for its newer, 29 million ton-a-year refinery, according to the ministry.

To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net

To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net

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