Essar Oil Raises Vadinar Refinery Capacity by 11%
Investing News Network - June 5th, 2012
Fox Business reported that Essar Oil Ltd. (LSE:ESSR) has raised the capacity of Vadinar refinery by 11% to 400,000 barrels a day.
Fox Business reported that Essar Oil Ltd. (LSE:ESSR) has raised the capacity of Vadinar refinery by 11% to 400,000 barrels a day.
As quoted in the market news:
The Mumbai-based company said the expanded capacity will allow it process heavier crude, which will help it improve refining margins. Essar Oil said the share of heavy and ultra-heavy crude in the total crude it processes will go up to 80%.