Need $300 billion investment to double refinery capacity: Dharmendra Pradhan - News Summed Up

Need $300 billion investment to double refinery capacity: Dharmendra Pradhan


Petroleum minister Dharmendra Pradhan said two major greenfield projects are all set to be launched to add 69 million tonne of new refining capacities soon. Photo: Pradeep Gaur/MintBhubaneswar: India needs investment to the tune of $300 billion in the next 10 years to double its oil refining capacity, union petroleum minister Dharmendra Pradhan said on Saturday. Pradhan said two major greenfield projects are all set to be launched to add 69 million tonne of new refining capacities soon. The Barmer Refinery in Rajasthan will be of 9 mtpa, while the West Coast Refinery and Petrochemicals will create 60 million tonne capacity. To achieve the target of 600 million ton capacity, it is necessary to add over 20 million ton almost every year, he said.


Source: Mint January 13, 2018 13:18 UTC


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