HPCL plans significant increase in Iraqi oil imports in 2025
OIL & GAS

HPCL plans significant increase in Iraqi oil imports in 2025

Hindustan Petroleum Corporation Ltd (HPCL), India's state-run oil company, plans to increase its annual crude oil imports from Iraq to 100,000 barrels per day (bpd) in 2025, marking a 43% growth from its current import deal of 70,000 bpd in 2024. This expansion aligns with HPCL’s ongoing refinery upgrades and increased demand for crude.

The increased imports will support the expansion of HPCL’s Vizag refinery in Southern India, which is undergoing an upgrade to boost its capacity from 274,000 bpd to 300,000 bpd. HPCL also operates the 190,000 bpd Mumbai refinery and is set to begin operations at its 180,000 bpd Barmer refinery in Rajasthan by the end of December 2024.

HPCL’s decision to increase imports is linked to its planned capacity expansions at its refineries and the need for a reliable supply of high-quality crude. HPCL did not immediately respond to requests for comment, but the move is expected to strengthen the company's supply chain and refine its operations in the coming year.

Hindustan Petroleum Corporation Ltd (HPCL), India's state-run oil company, plans to increase its annual crude oil imports from Iraq to 100,000 barrels per day (bpd) in 2025, marking a 43% growth from its current import deal of 70,000 bpd in 2024. This expansion aligns with HPCL’s ongoing refinery upgrades and increased demand for crude.The increased imports will support the expansion of HPCL’s Vizag refinery in Southern India, which is undergoing an upgrade to boost its capacity from 274,000 bpd to 300,000 bpd. HPCL also operates the 190,000 bpd Mumbai refinery and is set to begin operations at its 180,000 bpd Barmer refinery in Rajasthan by the end of December 2024.HPCL’s decision to increase imports is linked to its planned capacity expansions at its refineries and the need for a reliable supply of high-quality crude. HPCL did not immediately respond to requests for comment, but the move is expected to strengthen the company's supply chain and refine its operations in the coming year.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement