India going big on refining capacity; may overtake Russia in capacity

HPCL is likely to increase its current 24.8-million-tonne capacity to 60 million tonnes by 2030

India's oil-refining capacity is currently the fourth-largest in the world and the country has a robust expansion plan for each of its three oil-marketing companies.

The capacity expansion will take place over the next few years. 

In spite of the slowing global oil demand, India's demand may prompt refiners to continue adding capacity, experts say. By 2022, India will have added significantly more to its 230-million-tonne capacity. 

Indian Oil Corporation looks to take its refining capacity to more than 100 million tonnes by 2022 from the current 80.7 million tonnes, and Bharat Petroleum Corporation Ltd (BPCL) will increase its capacity