Edition:
India

Indian Oil Corp Exec Says Dec-Qtr Gross Refining Margin At $1.15/BBL


Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Indian Oil Corp chair Sanjiv Singh, head of finance A K Sharma::DEC QUARTER GROSS REFINING MARGIN AT $1.15/BBL.DEC QUARTER INVENTORY LOSSES AT 66.55 BILLION RUPEES.DEC QUARTER FOREX GAIN AT 20.84 BILLION RUPEES.AIMS TO COMMISSION ENNORE LNG TERMINAL NEXT MONTH.HOPES TO OPERATE 5 MTPA ENNORE LNG TERMINAL AT FULL CAPACITY IN 2 YEARS.SEES INDIA'S FY19 FUEL DEMAND RISING BY 4-5 PERCENT."WE WANT EXTENSION OF WAIVER" FROM US SANCTIONS AGAINST IRAN.OPEN TO BUY US OIL IN NEW TERM DEALS.CO DOES NOT BUY VENEZUELAN OIL.CO TALKING TO IRAN FOR RENEWAL OF ANNUAL TERM DEAL TO BUY OIL.CO SIGNED ANNUAL TERM DEAL WITH IRAQ TO BUY 18 MILLION TONNE OIL IN 2019 VERSUS 17.8 MILLION TONNE YEAR AGO.TO BUY 4-5 MILLION TONNE BASRA HEAVY IN 2019.CO TO SHORTLY RAISE $400 MILLION VIA 5YR FOREIGN DEBT.