more
news

From the Field

India's Paradip refinery in the distance

Indian Oil to build new refinery

NEW DHELI, December 1, 2014 – On Sunday, the chairman of government-owned Indian Oil, B. Ashok, said the company plans to build a new greenfield refinery on India’s west coast, in anticipation of growing demand for petroleum products in the region. The statement comes after a week of announcements by Indian Oil as the company moves forward with several expansion plans.

 

On November 29, B. Ashok announced that Indian Oil’s 300,000-barrel-per-day refinery at Paradip would start to be commissioned from March 2015 onwards. Construction will start at the same time at the refinery’s 84,000-barrel-per-day Indmax fluid catalytic cracking unit, set to produce propylene and ethylene. Last Friday, Indian Oil director for planning and business development Debasis Sen also announced a $3.2-billion petrochemicals complex to be constructed next to the refinery.

Stay Informed