IOC eyes expanding Indian refining capacity 25% in 5-7 years

摘要

New Delhi-India’s largest stateowned refiner Indian Oil Corp. has earmarked $26 billion in investment plans over the next five to seven years as it looks to expand and upgrade its existing refineries, build a new greenfield plant, and push with overseas growth plans, IOC Chairman B. Ashok said Monday. “Our current refining capacity is a little more than 80 million mt/year (1.6 million b/d) and after all the expansions, we should be close to 100 million mt/year,” Ashok said in an exclusive interview ahead of Platts Oil Forums in New Delhi and Mumbai. “All this will happen over the next five to seven years.”