Refineries & Petrochem

The government announced its plans to set up petrochemical complexes around all 22 refineries across the country which would help generate one crore jobs and boost the sector’s growth. Union Minister Ananth Kumar asked the chemical industry “not to just rely on the government incentives but become competitive” while assuring companies of providing common facilities […]

Union petroleum and natural gas minister Dharmendra Pradhan on Tuesday released the North East Hydrocarbon Vision 2030, which proposes investments of Rs 1,30,000 crore in 15 years to ramp up hydrocarbon production in Northeast India. According to the document Pradhan released in Guwahati, ahead of assembly elections in Assam later this year, Rs 80,000 crore […]

Government is looking into possibilities of setting up new petrochemical complexes near the 16 petroleum refineries in the country, Fertiliser Minister Ananth Kumar said today. The petrochemical industry is a sunrise industry having a size of Rs 6 lakh crore and there is a huge potential to raise its capacity substantially, Kumar said. “…we should […]

India plans to set up its biggest oil refinery in Maharashtra and the government has mandated state-run oil marketing companies (OMC) to work on the project together, said Dharmendra Pradhan, minister of petrol and natural gas. Maharashtra consumes about 18 million tonnes of petroleum products every year, which is expected to increase significantly in the […]

The Central Government is working on a policy to establish 12 petrochemical complexes in order to have one complex in each 16 refineries, a move which could entail few lakh crore of investment. At present, there are four PCPIRs or petrochemical complexes in the country. A Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) is usually […]

Indian Oil will invest about Rs 1,800 crore to upgrade its Koyali refinery to produce fuel compliant with Euro-IV emission norms, a top official said today. “The Gujarat refinery is gearing up to meet the petrol and diesel quality improvement programme, in line with the government^s auto fuel vision 2025 to supply BS-IV fuels from […]