India: Product placement
India is investing heavily in refining capacity to meet rising local demand and boost fuel exports
Undeterred by a surprise dip in gasoline demand earlier this year, Indian prime minister Narendra Modi is pushing on with the grand plan of turning the nation into a regional refining hub. The recently-announced centrepiece of the vision will be the $26bn-32bn plant in western Maharashtra state with a capacity of 60m tonnes a year that will closely match that of India's biggest existing refinery, the Reliance Industries-owned facility in neighbouring Gujarat state. Construction of the complex, which will produce gasoline, diesel, liquefied petroleum gas, aviation turbine fuel, and feedstock for petrochemical plants in the plastic, chemical and textile industries, should start later this year
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
