Oil Refinery

India is already the world’s fourth largest refining hub and we are going to end up as the second largest refining place, Puri said while highlighting the Modi government’s success in areas of trade and foreign policy.

Global refiners falter in efforts to keep up with demand

World fuel demand has rebounded to pre-pandemic levels, but the combination of pandemic closures, sanctions on Russia and export quotas in China are straining refiners' ability to meet demand.

Aramco revives talks to set up $10 billion oil refinery in China

In 2019, Aramco and Chinese defence corporation Norinco had signed an agreement to set up the refining and petrochemical complex in Panjin city in Liaoning province. But the deal stalled in 2020 after oil prices crashed at the beginning of the pandemic

Indian refiners willing to join forces for cheaper oil imports

India is forming a group bringing together state and private refiners to seek better crude import deals.

West Coast Refinery's complex to cost Rs 2.7 lakh cr: Dharmendra Pradhan

State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) are building the integrated complex with a refining capacity of 60 million tonnes per annum at Babulwadi, Taluka Rajapur, Ratnagiri district.

Iran mulls building oil refinery in Spain: Minister

"Iran is studying the possibility of setting up a refinery in Spain, specifically in Algeciras," on the south coast, Garcia-Margallo said yesterday in Brussels after welcoming the implementation of the Iran nuclear agreement.

IOC's Paradip refinery's up and running

The refinery is designed to process broad basket of crude, including cheaper high sulphur heavy crudes, and has an overall Nelson complexity factor of 12.2. "The refinery is capable of producing Euro-IV/Euro-V quality transportation fuel," the statement said.

India's Sept infrastructure output up 8% YoY: Govt

The output grew at 3.7 percent in the previous month. During the first half of the current fiscal year, infrastructure output grew 3.2 percent from a year earlier, the data showed.

Rupee depreciation may push up petrol price on June 1: BPCL

BPCL Chairman and Managing Director RK Singh sees petrol prices to go up from June 1 due to depreciation in rupee.

March infrastructure output up 2.9 percent

India's infrastructure sector output rose 2.9 percent in March from a year earlier, government data showed on Tuesday, suggesting an uptick in investments after the worst slowdown in a decade in Asia's third-largest economy.

Core sector growth slows to 2.1% in August

Eight core industries grew at a slower pace of 2.1 per cent in August, as against 3.8 per cent in the same month last year due to negative growth in crude oil, natural gas, fertiliser and cement.

India's July infrastructure output up 1.8%

India's infrastructure sector output grew 1.8% in July from a year earlier, slower than an upwardly revised annual growth of 3.9% in the previous month, government data showed on Friday

MRPL, Mauritius discuss $2 bn oil refinery

Mangalore Refinery and Petrochemicals Limited (MRPL) is in talks with Mauritius about a USD 2 billion oil refinery on the Indian Ocean island that could be operational by 2015, a minister said on Monday.