IOC to begin maintenance work at three of its refineries

Indian Oil Corporation (IOC), the country’s biggest refiner, is planning to begin series of major maintenance and inspection work at three of its refineries this year, starting later this month. These three refineries are the 274,000 barrels per day (bpd) Koyali refinery in Gujarat, the 150,000 bpd Haldia refinery in eastern India and the 160,000 bpd Mathura refinery in Uttar Pradesh. The shutdowns are unlikely to impact the company’s ability to fulfill demand for fuels at its retail outlets and for its industrial customers as the maintenance work will be staggered through the year. IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.