• 4 minutes China - EU: Xi Says Cooperation Is Mainstream In Their Ties
  • 8 minutes The Mining Industry Has Had It Easy For Far Too Long
  • 11 minutes Lawsuit-Happy Councilor Wants to Take Big Oil to Court
  • 15 minutes U.S. Shale Output may Start Dropping Next Year
  • 4 mins Dutch Populists Shock the EU with Election Victory
  • 15 hours Venezuela Says Russian Troops Land to Service Military Equipment
  • 10 hours Trump to Make Allies Pay More to Host US Bases
  • 5 hours Multi-well Pad Drilling Cost Question
  • 15 hours U.S.-China Trade War Poses Biggest Risk To Global Stability
  • 31 mins England Running Out of Water?
  • 23 mins Public Companies that attended OPEC "THREAT DINNER" at CERRAWEEK must disclose any risks in their SEC Financial filings.
  • 1 day One Last Warning For The U.S. Shale Patch
  • 3 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 20 hours Read: OPEC THREATENED TO KILL US SHALE
  • 2 days The Political Debacle: Brexit delayed
  • 2 days Climate change's fingerprints are on U.S. Midwest floods
  • 1 day European Parliament demands Nord-Stream-ii pipeline to be Stopped

Breaking News:

Algerian Oil Output Unchanged Amid Unrest

Alt Text

Why Russia Fails To Comply With The OPEC+ Cuts

Russia, the most important Non-OPEC…

Alt Text

China Can’t Get Enough Of This Discounted Oil

China is taking advantage of…

Alt Text

U.S. Oil Production Is Headed For A Quick Decline

Several forecasters continue to raise…

Irina Slav

Irina Slav

Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

India To Boost Oil Refining Capacity By 77%

India plans to increase its crude oil refining capacity by 77 percent to 438.65 million tons, or more than 8 million bpd, a government report has revealed. The increase would happen gradually over the next 12 years as Asia’s new powerhouse seeks to satisfy its growing demand for fuel.

The report said that the bulk of the capacity boost will come from facilities owned and operated by Reliance Industries, the local heavyweight, and Essar Oil, which Russia’s Rosneft acquired last year.

Reliance will start by increasing the capacity of one of its refineries from the current 33 million tons to 63 million tons annually, while Essar Oil will focus on its 20-million-ton Vadinar facility, upgrading its capacity to 45 million tons.

Indian Oil Corp will also take part in the undertaking, planning to boost the processing capacity of four refineries from 80.7 million tons annually to 116.55 million tons.

The report comes on the heels of a statement from a government official that the country also has plans to triple its LNG imports over the next seven years to 70 million tons annually. Currently, India has a capacity to import 20 million tons, received at four LNG terminals. Until 2024, the government will aim to build another 11 facilities as it seeks to increase the share of natural gas in its energy mix twofold to 15 percent.

These will further rise to 15 terminals, Narendra Taneja, spokesman for the ruling BJP party said at an industry event in Indonesia, as the country’s demand for energy continues to rise steadily. This demand will not only be driven by the government’s plans to expand electricity supply to millions of households that are currently dependent on wood for their heating, cooking, and lighting needs, but also by ambitious plans for EV adoption announced last year.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News