A refinery complex in Mumbai
Indian oil companies advance refining agenda
The country’s refinery sector continues to grow, but remains largely state-controlled
India’s state-backed oil companies are making some progress with the country’s plans to expand its refining capacity, their latest quarterly results reveal. But privatisation efforts do not appear to have progressed, and upstream activity remains relatively muted. Indian Oil Corporation (IOC) is continuing its programme of refinery capacity expansions, with three projects underway, as well as building and upgrading various petrochemical and other units at its facilities. IOC is in the process of adding 17.3mn t/yr of refining capacity, with capacity at the Panipat refinery set to increase to 25mn t/yr from 15mn t/yr, at the Gujarat to 18mn t/yr from 13.7mn t/yr and at the Barauni refinery to
Also in this section
5 February 2025
With new capacity, buyers must navigate sanctioned Russian crude, a return to traditional OPEC barrels and diversity of supply
4 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors
4 February 2025
The threat of Trump tariffs and the departure of Trudeau have sharpened the domestic political focus on boosting the oil and gas industry
3 February 2025
Alaska has been engulfed by a lack of consistent policymaking and highlights the challenges financing energy projects in the US
