Essar Energy’s refining margins up in India, down in UK

Essar Energy PLC said its gross refining margins were up in India during the quarter that ended June 30, but down in the UK.

Margins for Essar’s 405,000-b/d Vadinar refinery at Gujarat averaged $7.01/bbl, up 49% from a year earlier. Throughput was 36.34 million bbl, up from 32.65 million the previous year.

Essar’s 296,000-b/d Stanlow, UK, refinery averaged $4.86/bbl, down from $7.53/bbl. Throughput was 19.27 million bbl, down from 19.65 million bbl.

Essar completed refinery expansion and optimization projects at Vadinar in 2012. During the most recent quarter, Vadinar’s crude mix was 92% lower cost heavy and ultra-heavy, compared with 89% in the same quarter a year earlier. On the production side, the proportion of higher value middle and light distillates was 84%, up from 82%.

Essar said margins at Stanlow were impacted by generally lower industry margins, weaker diesel and jet prices relative to gasoline, and higher residues production related to revised refinery configuration after the closing of the lubes plant in February.

Essar is planning a turnaround at Stanlow, including a 25-year “re-lifing” of the residue catalytic cracking unit.

Related Articles

Shell submits revisions to its 2015 Chukchi Sea exploration plan

08/29/2014 Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. ...

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

MARKET WATCH: Crude oil futures end trading session higher in New York

08/29/2014

Crude oil futures prices trended upwards Aug. 28, ending the day’s trading session higher, while the ICE contract for Brent retreated.

EIA: US sees lowest pre-Labor Day gasoline prices in 4 years

08/29/2014 US retail prices for regular gasoline averaged $3.45/gal on Aug. 25, which was lowest price on a Monday preceding the Labor Day holiday in the US s...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected