SOURCE: Industrial Info Resources

Industrial Info Resources

January 31, 2011 06:00 ET

India's Refining Capacity to Grow 40% by 2016, an Industrial Info News Alert

DELHI, INDIA--(Marketwire - January 31, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- With a grassroot refining capacity addition of more than 770,000 barrels per day (BBL/d) and an existing refinery capacity of 372,000 BBL/d slated to be coming on-stream, the refinery capacity of India will be 5.1 million BBL/d by the end of the 2012 fiscal year. The Indian refining sector is expected to see phenomenal growth of more than 22% by the end of the 2012 fiscal year, and up to 40% by the end of the 2015-16 fiscal year, increasing the country's refining capacity to 6.5 million BBL/d.

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