February 5, 2020 / 2:18 PM / 15 days ago

HPCL expects to receive 2 mln barrels of crude before March - executive

NEW DELHI, Feb 5 (Reuters) -

* India’s HPCL expects to receive 2 million barrels of crude from the United States before March, Chairman M. K. Surana said on Wednesday

* India’s third largest state-run refiner expects to build a 5 million tonnes per annum (MTPA) LNG terminal in the western state of Gujarat by the end of 2022, Surana said

* Surana said HPCL hopes to install a new 9 MTPA crude unit at its refinery in Visakhapatnam by the end of 2021 to replace its existing 3 MTPA unit

* State-run carrier Air India owes the company 8.47 billion rupees ($118.99 million), he said, adding that the company aims to borrow 60 billion rupees this financial year ($1 = 71.1800 Indian rupees) (Reporting by Nidhi Verma; Editing by Edmund Blair)

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