Essar Oil quadruples processing of ultra heavy crude oils

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SummaryIndia's second biggest private refiner Essar Oil has quadrupled processing of cheaper ultra heavy crude oils at its Vadinar refinery in Gujarat, following the unit's expansion, to earn handsome margins.

unplanned shutdowns. Also, investory levels are at five year low even though there is strong diesel demand in India, China and Middle East.

"Continuous strong diesel demand in India, China and Middle East will benefit Asian diesel refiners and will result into healthy refinery margin," it said in the presentation.

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