Thursday, 28 January 2016

Oil refinery to be build along west coast in Maharashtra.


The demand of oil in India is increasing rapidly and most of it is imported from the Gulf countries . The Oil from gulf countries needs to be refined and then used. "Public sector oil firms will invest Rs 1.5 lakh crore in setting up India's biggest refinery on the  West coast of Maharashtra. Indian Oil Corp, nation's biggest refinery makers ,will build a 60 million tonnes a year refinery along with Bharat Petroleum Corp Ltd, HPCL, and Engineers India Ltd," oil minister Dharmendra Pradhan said. He also added , " Refineries will be built in two phases 40 + 20 million tonnes , in which first phase would have more than 1 lakh investment."
The refineries will produce petrol, diesel, LPG, ATF, Feedstock for petrochemical plants in plastic, chemical and textile industries in Maharashtra. Govt of Maharashtra and Ministry of oil and petroleum will closely work for identication of land for project. IOC had recently started its 15 million tonnes unit at Paradip in Odisha. Reliance Industry hold the biggest refinery in India till now which is at Jamnagar in Gujrat with capacity of 27 million tonnes which was expanded to 33 million tonnes. It had also started another unit of export with a capacity of 29 million tonnes. 
Being on west coast will provide an advantage of easily sourcing crude oil from Middle East and Africa. Also further transportation of oil after refining would be easy.

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