Looking at the Indian oil and gas industry
Hindustan Petroleum Corporation Ltd
HPCL are looking at a Rs 25 000 investment to relocate its Mumbai refinery to be incorporated in the Ratnagiri, Mahashtra refinery. The 6.5 million tpy facility would contribute to a plant three times its size at around 18 million tpy.
The new plant will be funded by internal resources up to Rs 11 000 crore and a further Rs 10 000 crore will be obtained from the sale of land where the Mumbai refinery currently stands. The Mumbai refinery was originally going to be expanded at its original site, however, HPCL did not think there was enough land at the site.
Haldia Petrochemicals
HPL began production at the newly expanded Project Supermax facility. The Rs 1200 crore investment was proposed in 2007 and work began in October 2009 when the plant was completely shutdown. HPL estimate that it will take approximately one month to regain full processing capacity.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/17022010/looking_at_the_indian_oil_and_gas_industry/
You might also like
Hydrocarbon Engineering Podcast
Leakhena Swett, President of the International Liquid Terminals Association (ILTA), and Jay Cruz, Senior Director of Government Affairs and Communications, join us to consider the key role that industry associations have to play in the sectors that they serve.
Energy breakthrough for Victoria as Viva Energy LNG terminal receives positive assessment
The Victorian Government has delivered a positive assessment on the EES for Viva Energy’s LNG terminal project in Geelong, marking a step in ensuring a secure energy future for the state.
