Bharat Petroleum is one of the main refiners in India
Indian refiners set for big expansion
The world’s third-largest importer of crude shows no sign of easing up on downstream momentum in recent years
Speaking at India Energy Week in February, Prime Minister Narendra Modi declared the world’s fourth-largest refining country would raise its capacity by 4m b/d to 9m b/d in 2030. The IEA, meanwhile, provided a more modest assessment at the same event, signalling refining capacity would reach 6.8m b/d by the end of the decade, based on projects already underway. The IEA did provide the caveat that several large developments are still under consideration. But despite the differences there is a consistent message of growth based around booming oil demand, the importance of energy security and taking control of the supply chain, so much so that some oil products will be marked for export. And it
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
