Hindustan Petroleum Corp.’s foray into supplying excessive sulfur gas oil bunkers has expanded past Mumbai and Kandla ports and ensured immediate availability, trade sources advised S&P International Commodity Insights April 12.
The event comes amid expectations that HSFO would comprise a bigger share of marine gas gross sales.
“HSFO stockpiles are ample for immediate bunker supply, and the enlargement technique is focused at attracting demand from container liners,” a supply accustomed to HPCL operations stated, including that the corporate is supplying to ports alongside the western and japanese coasts of India as viable different provide ports.
Extra just lately, HPCL started HSFO bunker provide on the port of Kochi alongside the western coast of India since March 3, promoting shut to three,000 mt throughout its first month of operations, trade sources stated.
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In response to Mumbai-based sources, HPCL is the second provider after Indian Oil Corp., which initially equipped primarily to Mumbai and Kandla ports.
“Demand has been pretty good with a mean of 1 [HSFO] inquiry each three days. Gasoline high quality have been getting good response from home in addition to worldwide transport corporations,” the supply accustomed to HPCL operations stated.
HPCL has reportedly bought a month-to-month common of 10,000 mt of HSFO bunker throughout the ports of Mumbai, Kandla, Vizag, and Kochi, in keeping with the above talked about supply.
HPCL’s Vizag refinery provides straight-run HSFO to Kochi and the port of Vizag, in keeping with sources, whereas the Mumbai refinery provides to ports of Mumbai and Kandla each.
A current Vizag Refinery Modernization Undertaking, or VRMP, which sources stated was accomplished round early-March, aimed to broaden the refinery’s annual capability from 8.3 million mt to fifteen million mt. The enhancements contains the addition of a brand new crude unit and residue upgradation facility, in keeping with HPCL’s web site.
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In the meantime, the Mumbai refinery has a crude oil refining capability of round 7.5 million mt each year, as per the web site.
Supply: Platts
