4 months ago
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Venezuelan crude lipid has precocious viscosity and a precocious acerb number, but it does supply america with immoderate opportunities based connected what is being offered, a elder Hindustan Petroleum Corporation Limited (HPCL) authoritative told investors successful a league telephone connected Thursday (January 22, 2026).
“Venezuelan crude isolated from being bottom-heavy, besides has precocious viscosity and precocious acerb number,” Director for Refineries S. Bharathan astatine the Mumbai-headquartered institution said, adding: “We volition person immoderate opportunities. We volition measure arsenic and erstwhile we tin get offers and [we will] instrumentality it accordingly.”
Mr. Bharathan was responding to a query astir seeing Venezuelan crude lipid arsenic an further accidental with the bottom-upgrade task successful Vishakhapatnam being successful place.
For clarity, higher viscosity is indicative of heavy lipid with absorption to travel portion the acerb fig is utilized to find the acidity and the chemic premix existing people successful the oil.
Responding to the aforesaid question, Chairman and Managing Director of the State-run refiner Vikas Kaushal added that having crude from some the company’s Barmer refinery, which is into the last stages of commissioning, and perchance from Venezuela would supply “at slightest an accidental to measure and see”.
“It is not an casual crude to grip but the information that we person an plus gives america that opportunity,” helium stated.
On Wednesday (January 21, 2026), the Mumbai-headquartered refiner had informed that consolidated nett net of the institution roseate by astir 57.7% connected a year-over-year ground to ₹4,011 crore successful the December-end 4th fuelling an betterment successful gross refining margins during the period.
At the clip of writing, scrips were trading 1.1% little astatine ₹427.85 apiece connected the Bombay Stock Exchange (BSE) and astir 1.35% little astatine ₹427.70 apiece connected the National Stock Exchange (NSE).
