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What are the petroleum oil and petroleum refineries in India

What are the petroleum oil and petroleum refineries in India

An oil refinery is a prime unit where crude oil is transformed and refined into useful products like gasoline, heating oil, kerosene, asphalt base, liquefied petroleum gas. They are large industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units, such as distillation columns. India is a country rich in natural resources, including oil and natural gas. This is why the country has a large number of oil refineries, which carry out the task of separating crude oils to a number of refined products, so that they become fit for use. Most of the oil refineries in India are located in the coastal areas of the country. Following are five biggest oil refineries in India. Jamnagar Refinery Owned by Reliance Industries, Jamnagar Refinery is the biggest oil refinery in India. Situated in Gujarat, its production amounts to 1,240,000 barrels per day. Vadinar Refinery Owned by Nayara Energy (formerly known as Essar Oil) the production capacity of Vadinar refinery is nearly 406,000 barrels per day. Mangalore Refinery Mangalore Refinery is a part of the company called Mangalore Refinery and Petrochemicals Limited. It production capacity of the refinery amounts upto 199,000 barrels per day. Kochi Refinery Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited, it was acquired by Bharat Petroleum Corporation Limited in the year 2006. It has a production capacity of nearly 190,000 barrels per day. Chennai Refinery Owned by the Indian Oil Corporation, the Chennai refinery has a total production capacity of this refinery is 185,000 barrels per day.

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Tesoro has sights set on larger retail role with BP refinery

Tesoro has sights set on larger retail role with BP refinery

Tesoro Corp.’s buyout of BP plc’s refinery in California, once finalized, will make the San Antonio petroleum company the biggest refiner in the state and also significantly expand its retail holdings. Tesoro announced Monday its plans to acquire BP’s 266,000-barrel-per-day refinery in Carson, Calif. However, the purchase also includes a retail network of about 800 dealer-operated gas stations in Southern California, Nevada and Arizona as well as the ARCO and ampm convenience store brands. These independently owned and operated stores currently buy an average of 245,000 gallons per month wholesale from the BP refinery. This agreement with London-based BP is expected to bolster Tesoro’s existing retail network, which currently consists of more than 1,375 branded stations — including nearly 590 company owned gas stations that operate under the Tesoro, USA Gasoline and Shell brands. The Carson refinery is located south of Los Angeles. Tesoro intends to integrate that refinery with its existing 97,000-barrel-per-day refinery in Wilmington, Calif. Tesoro also owns a 166,000-barrel-per-day refinery in Martinez, Calif. The purchase also includes three marine terminals; four land storage terminals; four product marketing terminals; and more than 100 miles of pipelines. Tesoro will have pipeline access to Los Angeles International Airport. The total deal is valued at $2.5 billion. San Antonio-based Tesoro (NYSE: TSO) operates seven refineries in the western United States with a combined capacity of 675,000 barrels per day. That number will jump to eight facilities once the BP refinery acquisition closes — slated for mid-2013.

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