A refinery complex in Mumbai
Indian oil companies advance refining agenda
The country’s refinery sector continues to grow, but remains largely state-controlled
India’s state-backed oil companies are making some progress with the country’s plans to expand its refining capacity, their latest quarterly results reveal. But privatisation efforts do not appear to have progressed, and upstream activity remains relatively muted. Indian Oil Corporation (IOC) is continuing its programme of refinery capacity expansions, with three projects underway, as well as building and upgrading various petrochemical and other units at its facilities. IOC is in the process of adding 17.3mn t/yr of refining capacity, with capacity at the Panipat refinery set to increase to 25mn t/yr from 15mn t/yr, at the Gujarat to 18mn t/yr from 13.7mn t/yr and at the Barauni refinery to
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
