According to a 2015 report by the IEA, India will require up to 329 million tonnes of oil products annually by 2030. Photo: MintMumbai: India’s third biggest crude oil refiner, Hindustan Petroleum Corp (HPCL), plans to expand its refining capacity to more than 60 million tonnes annually, or about 1.2 million barrels of oil per day by 2030, according to a senior company official. According to a 2015 report by the International Energy Agency (IEA), India will require up to 329 million tonnes of oil products annually by 2030. As of last year India consumed 183 million tonnes of fuel products, government data showed. “We would like to have 60 plus (million tonnes) refining capacity by 2030,” Surana said.

Source: Mint September 09, 2016 07:41 UTC