Stare-run oil companies and Saudi Aramco have teamed up to build the USD 44 billion refinery, which is aimed at giving India steady fuel supplies while meeting Saudi Arabia’s need to secure regular buyers for its oil.
Indian Oil-owned Gujarat Refinery on the outskirts of Vadodara city will invest about Rs 24,174 crore on new projects and expansions in the next five years, a senior company official said today.
A Singapore court on Monday filed additional charges against nine men accused in a large-scale oil theft at Shell’s biggest refinery, the latest development in an extensive investigation in the city-state.
Amid political slugfest over construction of a refinery at Barmer in Rajasthan, Oil Minister Dharmendra Pradhan today said Prime Minister Narendra Modi will next week do “project commencement” work on the Rs 43,129 crore project.
Investors in shares of Reliance Industries cheered the commissioning of the world’s largest refinery off-gas cracker complex at Jamnagar. The stock was higher by around 2 percent intraday
Reliance Industries Limited (RIL) has successfully commissioned and achieved design throughput of the world’s first ever and largest Refinery Off-Gas Cracker (ROGC) complex of 1.5 MMTPA capacity along with downstream plants and utilities.
Does it make sense to set up a mega refinery in the country when there are already 23 refineries (public and private sector combined) here, is the question in the minds of many.
Japan’s Idemitsu Kosan has restarted the sole 160,000 b/d crude distillation unit at its Aichi refinery in central Japan.
World’s First Refinery Off Gas-to-Bioethanol Production Facility in India
Indian Oil Corporation Limited (IndianOil), India’s flagship national oil company and, LanzaTech, carbon recycling company, have signed a Statement of Intent to construct the world’s first refinery off gas-to-bioethanol production facility in India.
Asian gasoline profit margins have recently surged to overtake diesel and jet fuel margins as upcoming refinery maintenance in Indonesia and Vietnam will cut supply in the region.