India's gas output and refining capacity is poised to jump in the decade ahead, oil minister Dharmendra Pradhan said.In an interview to ET, Pradhan said Indian refineries would easily switch from transportation fuels to petrochemicals if needed. The minister also spoke about the proposed merger of state firms and how India was driving a hard bargain with oil cartel OPEC to extract better deals. Our per capita petrochemicals consumption is 10 kg while the world average in 30 kg. We can take oil from anywhere in the world; we need oil at good terms. I felt proud about our public and private refineries when the Saudi oil minister recently told me that one of their refineries in Korea was able to match the high standards of Indian refineries.

Source: Economic Times May 28, 2017 18:41 UTC