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REFINING: IOC Expects Major Refining Projects to Complete in Late 2025

REFINING
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Indian Oil Corp expects to complete the expansion of its refineries in Panipat, Gujarat and Barauni by December of next year according to Reuters sources on Tuesday.

  • For Panipat: The refinery’s capacity is being expanded to 25m tonnes/year from the current 15m tonnes/year and build a 450,000 tonne/year polypropylene (PP) plant among other downstream units at the site.
  • For Gujarat: from 13.7 MMTPA to 18 MMTPA along with its integration to lube and petrochemical production unit. (Previously expected mid-2024).
  • For Barauni: refinery in the state of Bihar from 6.0 million tonnes per annum to 9 million tonnes.
  • IOC maintenance: hydrocracker and some secondary units at the Gujarat refinery for revamp by this fiscal year-end. Gasoline-making unit at the Barauni refinery by the first to second quarter of the next fiscal year (Reuters sources).
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Indian Oil Corp expects to complete the expansion of its refineries in Panipat, Gujarat and Barauni by December of next year according to Reuters sources on Tuesday.

  • For Panipat: The refinery’s capacity is being expanded to 25m tonnes/year from the current 15m tonnes/year and build a 450,000 tonne/year polypropylene (PP) plant among other downstream units at the site.
  • For Gujarat: from 13.7 MMTPA to 18 MMTPA along with its integration to lube and petrochemical production unit. (Previously expected mid-2024).
  • For Barauni: refinery in the state of Bihar from 6.0 million tonnes per annum to 9 million tonnes.
  • IOC maintenance: hydrocracker and some secondary units at the Gujarat refinery for revamp by this fiscal year-end. Gasoline-making unit at the Barauni refinery by the first to second quarter of the next fiscal year (Reuters sources).