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ONGC Explores Building New 240,000 BPD Refinery in Gujarat

Reuters, July 17, 2025
Reuters

India's state-run Oil and Natural Gas Corporation (ONGC.NS) is exploring building a 200,000-240,000 barrels per day refinery at Jamnagar in the western Indian state of Gujarat, a company source said on Thursday.

The company is doing a pre-feasibility study for the project, the source told reporters.

The source declined to be identified as the matter is not yet public.

India, the world's third-biggest oil importer and consumer, wants to position itself as a global refining hub and is expanding capacity.


(Reporting by Nidhi Verma and Anuran Sadhu; Editing by Mrigank Dhaniwala)

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