Financial Daily from THE HINDU group of publications
Tuesday, Nov 02, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Announcements


IOC's Vadodara refinery unit to remain shut for 1 month

Our Bureau

Ahmedabad , Nov. 1

INDIAN Oil Corporation engineers could take nearly a month to get the Fluidised Catalytic Cracking Unit (FCCU) of the Vadodara refinery, which was ripped apart by a blast on Friday, back in operating condition.

"The FCC unit of the Koyali refinery will be shut for at least a month. We are still trying to figure out the extent of damage and it will take at least one month to get the unit in working condition again," a senior company official told Business Line from Vadodara.

Meanwhile, a team of experts from the Forensic Science Laboratory have determined that the blast was caused due to human error at the FCCU, which had been restarted only on Thursday after a planned maintenance shutdown.

"Presence of hydrocarbon bubbles in the slurry settler led to the blast. As per our preliminary findings, it appears to be a case of human error on the part of refinery staff," according to a source at the Laboratory. The team is likely to submit its preliminary report on Monday. An IndianOil spokesperson at Vadodara confirmed that the forensic scientists had ascertained that human error led to the blast. But he asserted that there was no possibility of a human error leading to the accident.

"We are still clueless as to what caused the blast. But regardless of what the forensic experts say, we are sure that it was not caused by any human error on the part of our staff," the IndianOil spokesperson said.

The company has also invoked its `force majeure' clause with shippers for offtake of crude meant for the 1.5 million tonnes per annum FCC unit. "We have invoked the force majeure clause to avoid paying demurrage charges to the suppliers as the crude cannot be diverted to our other refineries," the spokesperson said.

It is also not clear if the accident caused any casualties. While IndianOil maintains that the death of two of its personnel cannot be confirmed till human remains are found at the site, the local police have registered a case saying that two persons were "missing" from the refinery.

In its notice to the Bombay Stock Exchange, IndianOil said on Monday that there was no casualty in the blast. It also said, "the maintenance of supply line would not be in any way affected as the company has sufficient inventories as well as sufficient logistic plan for supply and distribution of petroleum products."

More Stories on : Announcements | Petroleum | Accidents

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
IOC's Vadodara refinery unit to remain shut for 1 month


ONGC plans feasibility study gas-based power plant in Tripura
DaimlerChrysler to reintroduce clean diesel
Feasibility report on GAIL's Myanmar gas import soon
STC pays Rs 5.46-cr interim dividend
TTP hands in dividend
ICAI moots different accounting system for Govt-run bodies
Star, Sahara reach compromise on logo
Sunil Mittal chosen E&Y Entrepreneur of the Year
Forces driving the New Economy
Shiva Cement develops tech to process iron ore
Modest rise in Phyto Chem's profits
CCL Products profit up
VSNL to buy Tyco Global for $130 m
SCI board okays investment in Sethusamudram project
German co ties up with Tecpro for bulk material handling systems
Canadian team scouting for jt ventures, tie-ups
`Ind-Swift Labs on threshold of entering US, Europe'
Coca-Cola staff plant trees on eve of AP Formation Day
SBI told to scout for new management to revive NEPA
Maruti sales up 27.6 pc in Oct
M&M reports increase in sales
Hero Honda's record sales
Bajaj Auto clocks 13.4 pc rise in sales
Higher sales from TVS Motor



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line