India: Product placement
India is investing heavily in refining capacity to meet rising local demand and boost fuel exports
Undeterred by a surprise dip in gasoline demand earlier this year, Indian prime minister Narendra Modi is pushing on with the grand plan of turning the nation into a regional refining hub. The recently-announced centrepiece of the vision will be the $26bn-32bn plant in western Maharashtra state with a capacity of 60m tonnes a year that will closely match that of India's biggest existing refinery, the Reliance Industries-owned facility in neighbouring Gujarat state. Construction of the complex, which will produce gasoline, diesel, liquefied petroleum gas, aviation turbine fuel, and feedstock for petrochemical plants in the plastic, chemical and textile industries, should start later this year
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
