India’s HPCL to extend Iraqi oil imports by 45% in 2022: Report

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The refiner will purchase 3.2 million tonnes, or about 64,000 barrels per day (bpd), from Iraq this 12 months, up from 44,000 bpd in 2021.


In the last quarter of 2021, HPCL increased the capacity at its Mumbai refinery to 190,000 bpd.

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In the final quarter of 2021, HPCL elevated the capability at its Mumbai refinery to 190,000 bpd.

Indian state refiner Hindustan Petroleum Corp will raise 45% extra oil from Iraq this 12 months to fulfill its expanded refining capability, sources aware of the matter mentioned. He mentioned the refiner would purchase 3.2 million tonnes or about 64,000 barrels per day (bpd) from Iraq this 12 months, up from 44,000 bpd in 2021.

Iraqi state-owned entrepreneurs SOMO and HPCL didn’t instantly reply to a Reuters request for remark. Iraq is the highest provider of oil to India, and better purchases by HPCL will additional strengthen the Middle East nation’s share in Indian markets.

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HPCL goals to finish a backside upgradation venture at Vizag Refinery by the tip of the 12 months.

As OPEC’s second-largest oil producer, Iraq will be capable of increase exports by 250,000 bpd from the second quarter after finishing the set up of pumping stations at its Gulf ports, an Iraqi oil supply has mentioned.

Last 12 months HPCL chairman MK Surana had mentioned that the corporate’s imports of excessive sulfur crude oil would enhance by 300,000 bpd at its Vizag plant by March this 12 months after the growth of its 166,000 bpd plant.

It goals to finish a backside upgradation venture at Vizag Refinery by the tip of the 12 months.

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In the final quarter of 2021, HPCL elevated the capability at its Mumbai refinery to 190,000 bpd.

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With inputs from NDTV

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