Page 66 - Refining Capacity News Today

Uncovering the Financial and Strategic Position of MPC

Indian Oil Corporation, Hindustan Petroleum Corporation, GAIL, Bharat Petroleum Corporation, and Oil and Natural Gas Corporation exceeded their capex targets, investing in projects such as the Barmer refinery, biofuel production, and gas marketing network.

The worlds third-largest oil importer and consumer is on track to post an oil demand increase of almost 1.2 million barrels per day (bpd), accounting for more than one-third of the projected 3.2 million bpd global gains, the IEA said in a report released at the India Energy Week in Goa.

The spending by state-run oil companies is about 84% of their combined capex target of Rs 106,000 crore for the current fiscal year, according to the oil ministry data. Indian Oil Corp, the nations top refiner and fossil fuel retailer, has been the biggest spender among state oil companies this year. With an expenditure of Rs 27,000 crore, it has achieved nearly 90% of its target for the year. The company has been spending on enhancing its refining capacity as well as adding marketing infrastruc...

The spending by state-run oil companies is about 84% of their combined capex target of Rs 106,000 crore for the current fiscal year, according to the oil ministry data. Indian Oil Corp, the nation’s top refiner and fossil fuel retailer, has been the biggest spender among state oil companies this year. With an expenditure of Rs 27,000 crore, it has achieved nearly 90% of its target for the year. The company has been spending on enhancing its refining capacity as well as adding marketing inf...

"We are going to be a pan India organisation," Ranjit Rath told ET in an interview. He said the companys attention to the Northeast wouldnt dilute but it would do far more activity than it has previously done with increased exploration in many other parts of the country, including Rajasthan, Odisha, Andhra Pradesh and the Andamans.

India News: India prioritizes and accelerates efforts to expand oil storage capacity to mitigate geopolitical risks and accommodate increasing refining capacity.

Indian Oil Corporation Limited is a government-owned Indian oil and gas exploration and production company in New Delhi

Data compiled by Centre for High Technology, a technical wing of the federal oil ministry, shows the refining capacity of Indian refineries is projected to increase by about 56 million tons per year, equating to about 1.12 million barrels per day, by 2028, Teli said in a written statement to lawmakers.

In this article, we are going to discuss the 20 states with the cheapest gas prices in the US.