Indian Oil Corp (IOC) is likely to close the kerosene hydro-desulphurization unit at its Haldia refinery for maintenance from mid-April, prompting the firm to float a rare jet fuel tender. The firm plans to shut the unit at its 150,000 barrels per day coastal plant for a month.
In April and May the state-run firm has floated a tender seeking 29,000 tonnes of jet fuel via three parcels for delivery. It is India's biggest refiner with a capacity to process 1.294 million bpd oil from its 10 refineries.
Recently, IOC considered deferring shutdown of units at some of its refineries to meet local demand. IOC has to re-look at their shutdown plans when Indian fuel demand is rising at a fast face along with international fuel prices, company officials quoted.
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