Petroleum refiners in the country are awaiting the government to solve the insurance issue of crude oil imported from Iran. The sanction imposed by western countries prohibits any firm from insuring crude oil imports from the gulf nation
Tag: refineries
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CMIE expects output from refineries to rise upto 7%
Centre for Monitoring Indian Economy (CMIE) expects output of petroleum refiners to rise between 3-7 percent in the remaining three months of 2012-13. In a recent report, the research body said the refiners may process around 18.5 million tonne of crude oil in each of the remaining months of fiscal 2012-13.
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