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
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU