India: Filling the Supply Gap Hindustan Petroleum to Increase Refining Capacities
India's third biggest crude oil refiner, Hindustan Petroleum, plans to expand its refining capacity to more than 60 million metric tons per year by 2030, reports Reuters.
New Delhi/India — "This will help fill the yawning gap between the volume it refines and the volume it markets through its retail outlets, but also help in meeting the burgeoning fuel demand in the country," Reuters quotes HPCL Chairman Mukesh Kumar Surana. "We would like to have 60 plus (million metric tons) refining capacity by 2030". A major chunk of this refining capacity is expected to come from a joint venture project for a 60 million metric ton proposed refinery in the western state of Maharashtra.