India plans to raise refining capacity by 77 percent by 2030: Government report

By Reuters  |   Published: 08th February 2018 12:06 PM  |  

Last Updated: 08th February 2018 12:06 PM  |   A+A-   |  

An offshore oil platform is seen in Huntington Beach, California, U.S. | REUTERS

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NEW DELHI: India's annual refining capacity would rise by 77 percent to 439 million tonnes, equivalent to about 8.8 million barrels per day (bpd) by 2030, a government report said, listing expansion plans of various companies.

Reliance Industries Ltd, operator of the world's biggest refining complex in Gujarat, aims to expand its overall capacity by 44 percent to about 2 million bpd by 2030.

The company plans to expand its old refinery that largely caters to domestic markets in two phases to 1.26 million bpd from 660,000 bpd now, the report said.

India plans to raise refining capacity by 77 percent by 2030: Government report- The New Indian Express