Gulf Oil and Gas accountACCOUNT

Indian Oil to Boost Panipat Refinery Capacity by Two Thirds

Source: Reuters 1/31/2018, Location: Asia

Share |
Indian Oil Corp Ltd plans to increase the capacity of its Panipat refinery by two thirds to 500,000 barrels per day (bpd) at a cost of 231.16 billion rupees rupees ($3.64 billion), the country’s largest refiner said.

India is increasing refining capacity to keep pace with the expected growth in fuel demand as Prime Minister Narendra Modi seeks to boost the manufacturing sector.

The energy-hungry nation’s refinery capacity has more-than-doubled since the start of the millennium to about 5 million bpd.

“Another step towards meeting our rapidly growing energy demand,” Oil Minister Dharmendra Pradhan said in a tweet, referring to the planned increase in capacity at Panipat.

Indian Oil didn’t give a timeline for the expansion. The company, along with its subsidiary Chennai Petroleum Corp Ltd , has a total installed refining capacity of 1.6 million bpd, according to government data.

Oil Treating & Refining News in India >>

Azerbaijan >>  10/15/2018 - Saipem has signed new Offshore E&C contracts in Azerbaijan, the North Sea and the Republic of Congo. The overall value of the contracts is approximate...
Russia >>  10/4/2018 - Salym Petroleum Development N.V. (SPD) jointly with Gazpromneft Science & Technology Center and Shell’s technical specialists have successfully tested...

Russia >>  10/4/2018 - Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, t...
Russia >>  10/3/2018 - Today, during the Russian Energy Week, Chairman of the Management Board of PAO NOVATEK (“NOVATEK”) Leonid Mikhelson and President and Chief Executive ...

China >>  10/2/2018 - LyondellBasell (LYB) announced that Zhejiang Petroleum & Chemical Co., Ltd (ZPCC) has selected LyondellBasell’s world-leading polypropylene (PP), high...
China >>  9/25/2018 - KBR, Inc. (KBR) has been awarded contracts for a technology license, basic engineering design services and proprietary catalyst supply by Lihuayi Liji...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


India Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

 

Oil & Gas Companies in India >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.