India aims to double refining capacity to 500 MT by 2030: Pradhan

India is aimimg to double its refining capacity to around 450-500 million tonne (MT) in the next 10 years, Union petroleum and steel minister Dharmendra Pradhan said on Tuesday.

The country already has the world’s largest refinery project in the West Coast of India, work on which will start soon, the minister said. The 60-million-tonne, $44 billion West Coast refinery project was announced in June 2018. Saudi Aramco and Abu Dhabi National Oil Company (Adnoc) hold 50 per cent and Indian oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) hold the remaining