The refiner has been cutting its crude processing for decades, mainly during the June quarter, due to a shortage of water, which is needed for cooling operations and power generation.
see photosMPRL reported losses in its financial years till March 2020 and end 2021
State-run Mangalore Refinery and Petrochemicals Ltd aims to continue operating its southern India refinery at full capacity on finer cracks and as it commissions a desalination plant to improve water supply, its managing director said. .
The refiner has been cutting its crude processing for decades, mainly during the June quarter, due to a shortage of water, which is needed for cooling operations and power generation.
“We have set up a desalination plant. It’s operational so we don’t anticipate any (water) shortages from next year,” M. Venkatesh told Reuters in a phone interview.
MRPL will process sea water instead of extracting water from the river.
Venkatesh expects MRPL’s 300,000 barrels per day refinery to operate at full capacity. “The current Singapore cracking margin is quite healthy and the demand forecast is good so it is guaranteeing 100% production”.
The merger of ONGC-Mangalore Petrochemicals Ltd (OMPL) with MRPL will increase his company’s gross refining margin by 50 cents to $1 a barrel.
MPRL reported losses in its fiscal years till March 2020 and end 2021 as the pandemic slashed fuel demand and subsequently eroded refining margins.
“This year we can be positive as October-November conditions are excellent,” he said, adding that his firm had already closed major maintenance in August and September. However, there may be some ‘slight’ shutdowns of secondary units from April to the next financial year.
0 notes
Venkatesh said the merger of ONGC-Mangalore Petrochemicals Ltd (OMPL) with MRPL, which is targeted to be completed this year, will increase his company’s gross refining margin by 50 cents to $1 a barrel and allow it to switch between producing gasoline. will allow you to do so. and paraxylene to maximize benefits.
for the latest auto news And ReviewFollow carandbike.com Twitter, Facebook, and subscribe to our youtube Channel.
,