Refinery Projects

BPCL and ONGC to jointly explore setting up a new refinery: Report

BPCL plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand

Updated On : 03 Sep 2024 | 4:49 PM IST

Explosion rocks hydrocarbon refinery in Iran's special economic zone

Rescue teams have temporarily withdrawn from the spot due to the constant threat of further explosions. No casualties have been reported in the incident, according to IRNA report

Updated On : 11 Dec 2023 | 8:01 AM IST

IOC raises Panipat refinery expansion cost 10%, pushes deadline by a year

Indian Oil Corporation (IOC), the nation's top oil firm, has revised the estimates of cost of expanding the Panipat refinery in Haryana by 10 per cent to Rs 36,225 crore and pushed back completion deadline by more than a year to December 2025. IOC is expanding its 15 million tonnes a year refinery, about 100-km north of New Delhi, to 25 million tonnes. In a stock exchange filing, the firm said its board has approved "revision in cost of the project for capacity expansion of Panipat Refinery from Rs 32,946 crore to Rs 36,225 crore and revision in completion schedule of the project from September 2024 to December 2025." Besides expanding the capacity to turn crude oil into value-added fuels such as petrol, diesel and ATF, IOC is also setting up a polypropylene unit and a catalytic dewaxing unit. Polypropylene is used in packaging, plastic parts for various industries including the automotive industry, and textiles. Catalytic dewaxing is used in base oil production. IOC owns and oper

Updated On : 03 Dec 2023 | 12:34 PM IST

India's first bamboo based biorefinery to start operations in March

India, the world's third biggest consumer and importer of oil, is aiming to reduce its crude oil consumption by switching to sustainable alternatives such as bio fuels

Updated On : 10 Oct 2023 | 3:34 PM IST

MEIL secures Rs 5,400 crore crude oil refinery project in Mongolia

Home-grown Megha Engineering and Infrastructures Ltd (MEIL) has secured a USD 648-million (about Rs 5,400 crore) work order in Mongolia. The order has been awarded by Mongol Refinery State Owned LLC, MEIL said in a statement on Friday. "MEIL has clinched a significant deal in Mongolia. The company received a Letter of Agreement (LOA) for constructing a state-of-the-art crude oil refinery plant valued at USD 648 million," it said. In this regard, MEIL hydrocarbons President P Rajesh Reddy and Altantsetseg Dashdavaa, Executive Director, representing the Mongol Refinery State Owned LLC, inked the new project contract at Ulaanbaatar in Mongolia on Friday. MEIL Managing Director P V Krishna Reddy along with other senior officials from both countries attended the event. Krishna Reddy said, "MEIL holds a prominent position in the global hydrocarbon sector, with a presence across upstream, midstream, and downstream operations. The new venture marks the company's third foray into the ...

Updated On : 29 Sep 2023 | 3:45 PM IST

Ensure refinery projects don't cause harm to environment: Ajit Pawar

Amid protests by a section of locals at Barsu in Maharashtra's Ratnagiri district over a proposed oil refinery, senior Nationalist Congress Party (NCP) leader Ajit Pawar on Saturday said one should ensure that development projects do not cause any damage to the environment. A section of residents in and around Barsu have been opposing the proposed refinery as they fear that the mega project will adversely affect the fragile biodiversity of the coastal Konkan region and also hit their livelihood. On Friday, as tempers ran high among protesters, the police used tear gas to disperse them. Talking about the issue, Pawar, who is Leader of Opposition in Maharashtra Assembly, said, "We never opposed development projects in the state...Before implementing any projects, one should keep in mind that the environment is not harmed due to it in any manner. Apart from nature, local occupations like fishing should not be impacted due to it." He urged the Maharashtra government to hold discussions

Updated On : 29 Apr 2023 | 4:53 PM IST

No initiation of refinery project at Barsu without locals' consent: Maha CM

Maharashtra Chief Minister Eknath Shinde on Friday said the proposed refinery project at Barsu village in Ratnagiri district will not be implemented without the local people's consent, and appealed for calm in the area. The situation in the village, where protesters who are opposing the refinery have gathered, was peaceful, he claimed while speaking to reporters here. Earlier in the day, police used tear gas in Barsu and Solgaon villages in Rajapur tehsil to disperse the protesters and detained Shiv Sena (UBT) MP Vinayak Raut. Shinde said he spoke to Ratnagiri collector and superintendent of police as well as district guardian minister Uday Samant, and the collector told him that there was no lathi (baton) charge at the site. "A former chief minister himself had suggested the Barsu site to the Union government. After losing the CM's post, he is opposing the project. One can not have such double standards," he said, apparently referring to Shiv Sena (UBT) leader Uddhav Thackeray .

Updated On : 28 Apr 2023 | 6:07 PM IST

Refiners' February crude processing stays elevated amid robust demand

India's fuel demand hit its highest level in at least 24 years in February, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil

Updated On : 05 Apr 2023 | 8:15 PM IST

Core sector output slows to 3-month low of 6% in Feb, crude production dips

Six of eight key infrastructure industries report sequential deceleration

Updated On : 31 Mar 2023 | 11:30 PM IST

Core sector output growth slows to 20-month low of 0.1% in October

Output accelerated by only 0.1% in October; 4 of 8 core industries reported production contraction

Updated On : 30 Nov 2022 | 7:54 PM IST

NRL's capacity expansion cost escalates by Rs 5,432 crore

Numaligarh Refinery Ltd (NRL) on Wednesday said the cost of its capacity expansion project has escalated by Rs 5,432 crore to Rs 28,026 crore due to adoption of advanced technology. In an official release, the largest PSU refiner in the northeast said the Union Ministry of Petroleum & Natural Gas has already approved the revised project cost for increasing capacity from 3 million metric tonnes per annum to 9 MMTPA. "With adoption of state-of-the-art technology in this configuration and addition of extremely complex schemes like residue hydrocracking, the refinery will be able to process heavier crude oil and maximize production of distillates. "This adoption of technology led to an increase in the project cost from Rs 22,594 crore to Rs 28,026 crore," it added. The initial planned configuration of the upcoming 6-MMTPA unit has been improved to make it petrochemical ready, focusing on upgradation of refinery residue by using new technology, NRL said. "In the intervening period ...

Updated On : 18 Nov 2021 | 1:41 AM IST

Govt to spend Rs 1.2 trn on oil, gas exploration and refineries in FY21

State-owned oil firms plan to spend about Rs 1.2 lakh crore in the fiscal year to March 2021 on oil and gas exploration and production and refineries in a bid to boost economic activity in the nation that has been hit hard by the COVID-19 pandemic. As much as Rs 5.88 lakh crore of spending is budgeted for 8,363 projects over the next few years, an official statement said. "Out of the total anticipated cost of these projects, approximately Rs 1.20 lakh crore is targeted to be incurred as capex in FY 2020-21," it said. Oil Minister Dharmendra Pradhan reviewed all ongoing projects of oil and gas companies in a bid to turn the crisis into an opportunity by scaling up work on the projects to create employment and revive growth. "These projects of oil and gas PSUs, their joint ventures and subsidiaries include refinery projects, bio-refineries, exploration and production (E&P) projects, marketing infrastructure projects, pipelines, city gas distribution projects, drilling/survey ...

Updated On : 25 Aug 2020 | 8:54 PM IST