Page 4 - Oil Refinery
India aims to double refining capacity to 500 MT by 2030: Pradhan
The country already has the world's largest refinery project in the West Coast of India, work on which will start soon, the minister said
 "India aims to double refining capacity to 500 MT by 2030: Pradhan")
India mulls doubling oil refining capacity to 450-500 mt by 2030: Pradhan
India plans to almost double its oil refining capacity to 450-500 million tonnes in the next 10 years to meet the rising domestic fuel demand as well as cater to export market, Oil Minister Dharmendra Pradhan said on Tuesday. Speaking at a webinar on 'Atmanirbhar Bharat: Fostering Domestic Steel Usage in Oil & Gas Sector', he said construction of a new 60 million tonnes a year west coast refinery, which is crucial to the capacity doubling plan, will start soon. "Our refining capacity will increase from about 250 million tonnes per annum now to 450-500 million tonnes in next 10 years," he said. The capacity addition will be both brownfield (expansion of existing units) and greenfield (new refineries), he said. The refining capacity of 249.9 million tonnes exceeded the fuel demand of 213.7 million tonnes in 2019-20, but the demand is likely to rise to 335 million tonnes by 2030 and 472 million tonnes by 2040. International Energy Agency (IEA) forecast that India's fuel demand will .
 "India mulls doubling oil refining capacity to 450-500 mt by 2030: Pradhan")
India's April crude processing sees biggest drop in nearly two decades
Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed
 "India's April crude processing sees biggest drop in nearly two decades")
Al-Kharafi to invest Rs 49,000 cr to set up petroleum refinery in TN
Chief Minister Edappadi K Palaniswami said that Al-Kharafi is expected to set up a petroleum refinery in compliance with BS-VI emission norms
 "Al-Kharafi to invest Rs 49,000 cr to set up petroleum refinery in TN")
Tata Projects wins orders worth Rs 6,000 crore from oil and gas sector
Tata Projects will be executing a 2G Bio Ethanol Project for BPCL in Odisha
 "Tata Projects wins orders worth Rs 6,000 crore from oil and gas sector")
As India seeks energy independence, booze may be a hurdle in the way
The Uttar Pradesh government recently announced a further increase in the quota of molasses that needs to be supplied to liquor makers to 18% of total state output from 16%.
 "As India seeks energy independence, booze may be a hurdle in the way")
Cost of India refinery project with Aramco, ADNOC estimated at $70 billion
In September, India's oil minister said the refinery would cost more than the originally planned $45 billion.
 "Cost of India refinery project with Aramco, ADNOC estimated at $70 billion")
Oil prices hold above $63 a barrel on US-China trade talks optimism
Barclays sees Brent trading near $60 a barrel for two years
 "Oil prices hold above $63 a barrel on US-China trade talks optimism")
BPCL, HPCL, IOC: Here's how OMCs have performed over the past few weeks
The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year.
 "BPCL, HPCL, IOC: Here's how OMCs have performed over the past few weeks")
Saudi Arabia's Sep crude oil exports fall 3% after Aramco refinery attacks
September crude output fell by 660,000 bpd to 9.129 million bpd, figures from the Joint Organizations Data Initiative (JODI) showed.
 "Saudi Arabia's Sep crude oil exports fall 3% after Aramco refinery attacks")
India to invest $100 bn in refining, pipeline, gas terminals by 2024: PM
Prime Minister Narendra Modi is attending the Future Investment Initiative, dubbed 'Davos in the desert', in Saudi Arabia
 "India to invest $100 bn in refining, pipeline, gas terminals by 2024: PM")
India-funded oil refinery in Mongolia to be completed by 2022-end: Pradhan
The minister for petroleum and natural gas was speaking at a meeting attended by a Mongolian business delegation led by the country's President Khaltmaagiin Battulga
 "India-funded oil refinery in Mongolia to be completed by 2022-end: Pradhan")
Explained: Why RIL-Aramco deal could be a template for refinery sector
The big question is how far India has become a favoured destination for the oil refineries to uproot their investments from Europe and elsewhere to plug and play here
 "Explained: Why RIL-Aramco deal could be a template for refinery sector")
Aramco project: Indian activists fear oil refinery may return, hold protest
The project is joint venture between Saudi Arabian oil companies, Aramco and Adnoc, and Indian companies, Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation
 "Aramco project: Indian activists fear oil refinery may return, hold protest")
India key market but no interest in buying stake in Bina refinery: Petronas
Last week, Petronas and a consortium led by Japan's JXTG Holdings Inc were among companies interested in buying a stake in Bina oil refinery
 "India key market but no interest in buying stake in Bina refinery: Petronas")
Reliance Industries looks to turn around domestic upstream business
In June, RIL, along with its partner BP Plc, announced the sanction of the MJ project in Block KG-D6 on the eastern coast of India
 "Reliance Industries looks to turn around domestic upstream business")
Saudi Arabia plans to build $10 bn oil refinery in Pakistan's Gwadar
Pakistan wants to attract investment and other financial support to tackle a soaring current account deficit caused partly by rising oil prices
 "Saudi Arabia plans to build $10 bn oil refinery in Pakistan's Gwadar")
