Chennai Petroleum Raises Imports From Russia, West Africa

is adjusting its raw material procurement strategy by raising oil imports from Russia and West Africa to mitigate ongoing logistical issues in the Middle East. Concurrently, management has outlined a robust operational road map, projecting refinery capacity utilization to improve sequentially from 102.9% in FY27 to 108.6% by FY29. Chennai Petroleum's pivot away from Middle Eastern supply disruptions highlights the operational flexibility essential for modern refiners. Sourcing from alternative regions such as West Africa and Russia provides a dual advantage: securing feedstock supply and optimizing crude costs. Although the projected FY27 utilization run-rate of 102.9% is a step down from the absolute peak of 112% achieved in FY26, the sequential ramp-up targets through FY29 represent a more realistic and highly sustainable long-term operating model. By actively re-routing its supply chain and locking in structured capacity utilization targets, Chennai Petroleum demonstrates the necessary strategic foresight to navigate a highly complex global energy environment. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.