Crude Oil Refining Capacity

Indian Oil posts Q2 profit vs yr-ago loss on strong refining margins

The state-owned company posted a net profit of Rs 12,967 crore ($1.56 billion) for the quarter ended Sept 30

Domestic crude oil producers get marketing freedom, exports not allowed

According to a government statement, this move shall ensure marketing freedom for all exploration and production (E&P) operators

Reliance delays 21-day crude unit shutdown to September: Report

The refiner had earlier planned to shut a crude unit at its 704,000 barrels per day (bpd) refinery for about three weeks in March, sources said. The refinery has two equal size crude units

India may need additional 2 mn bpd refining capacity by 2030: IOC chair

India, the world's third-biggest oil importer and consumer, currently has 5 million barrels per day of refining capacity. IOC controls about a third of that.

EVs may cut global refining capacity demand by half in 2050: Report

"Going forward we will be touching by 2050 somewhere very close to 90% of electrification," Mukesh Sahdev, senior vice president and head of downstream at Rystad Energy said

BPCL to consider buying 36.62% Oman firm stake in Bharat Oman Refineries

Proposes to merger Bharat Gas Resources with itself

PM Modi says India set to double oil refining capacity in five years

India would achieve its targets of increasing renewable energy capacity to 175 gigawatts by 2022 and 450 gigawatts by 2030 ahead of schedule, says PM

Refining capacity to double to 500 mt by 2030, says Dharmendra Pradhan

The country has already planned the world's largest refinery in the western coast, on which work will start soon, said Pradhan

More gloom for Asian rivals as China is set to expand oil refining capacity

China is already Asia's No.1 exporter of gasoline and jet fuel, and ranks No.3 in diesel after India and South Korea

Western region to top crude oil refining capacity by 2030 at 242 mn tonnes

The western region of the country is likely to witness maximum addition of crude oil refining capacity by 2030.The refining capacity in the western part of the country is likely to touch 242 million tonne per annum (mtpa) almost double the capacity of 121.4 mtpa.According to the report of 'Working Group on Enhancing Refining Capacity by 2040' of Ministry of Petroleum and Natural Gas, the Gujarat refinery of Indian Oil Corporation Limited (IOCL) will touch 18 mtpa by 2030 from 13.7 mtpa presently.Growth in crude oil refining capacity would be fuelled by a staggering growth in the country's energy consumption. The energy usage is tipped to grow 129 per cent from 2015 to 2035, and India is likely to consume about 10 per cent of the world energy by 2035.Similarly, the HPCL's (recently acquired by ONGC) refinery in Mumbai is projected to see an expansion to 9.5 mtpa by 2030 from 7.5 mtpa presently.Reliance Industries and Essar will take their refining capacity to 98.2 mtpa and 45 mtpa ...