In­dian re­fin­ers to raise ca­pac­ity by 2030

Maritime Gateway - - Brief News -

Re­fin­ers in In­dia are plan­ning to raise their ca­pac­ity by 77 per cent to about 8.8 mil­lion bar­rels per day by 2030 in order to meet the coun­try’s ris­ing fuel de­mand. Ac­cord­ing to a gov­ern­ment re­port re­leased by the Min­istry of Petroleum and Nat­u­ral Gas, this ex­pan­sion plan will en­sure the na­tion’s sur­plus pro­duc­tion of diesel and gaso­line will last un­til 2035, although it is ex­pected that by 2040 it will turn into a deficit. The re­port also rec­om­mended re­fin­ers to set up petro­chem­i­cal projects and to cut their pro­duc­tion of pet­coke and fuel oil. In­dia’s gaso­line, diesel and jet fuel de­mand up to 2030 is set to grow at a rate of around five per cent each year.

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