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Indian refiners process 1.5% less oil in January

(Reuters) -- Indian refiners processed 21.11 MMt, or 4.99 MMbpd, of crude oil in January, a decline of around 1.5% compared with the same period last year, as many state refiners shut units for maintenance, preliminary government data showed on Wednesday.

India's oil output in January rose 1.3% to about 3.08 MMt or about 727,000 bpd, while natural gas output was up 11.9% at 2.74 Bcm, the data showed.

Among the key refineries affected by shutdowns are Indian Oil Corp's 274,000-bpd Koyali refinery in the western state of Gujarat, Bharat Petroleum Corp's 120,000-bpd Mumbai and 190,000-bpd Kochi refineries, and Mangalore Refinery and Petrochemicals Ltd's 300,000-bpd plant in southern India.

Crude processing at IOC's 300,000-bpd Paradip refinery in the eastern state of Odisha was hit due to coke upliftment issues, while runs at the 150,000-bpd Haldia refinery declined due to vacuum gas oil stock build-up.

Reported by Sudarshan Varadhan; Editing by Subhranshu Sahu

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