IOC, BPCL, HPCL Join Forces to Build India's Largest Oil Refinery

The Economic Times, December 8, 2016

Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum (HPCL) have reportedly joined together to build a $30 billion oil refinery on India's west coast. The three companies signed a pact this week to construct the 60-million tonne a year refinery and a mega petrochemical complex, which we be completed in two phases. The refinery will produce petrol, diesel, LPG, ATF and feedstock for petrochemical plants in plastic, chemical and textile industries in Maharashtra. India currently has a refining capacity of 232.06 mt/yr, however the country's demand is expected to reach 458 mt/yr by 2040, according to the International Energy Agency (IEA).

Click here to read the full article from The Economic Times.

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