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

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

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