IOC plans to double refining capacity
New Delhi   17-Nov-2011

State-run IndianOil (IOC), the nation’s largest oil firm, plans to double its refining capacity to 123 million tonnes a year by 2020-21, its director (refineries), Mr Rajkumar Ghosh said. IOC has eight refineries with a combined capacity of 54.2 million tonnes (MT). After including its subsidiary company unit at Chennai, it has a total refining capacity of 64.7 MT.

The company “will take up its refining capacity to the level of 123 MT per year by 2020-21”, a company press statement quoted Mr Ghosh as saying. The additional capacity would come from 15 MT a year new refinery being constructed at Paradip in Odisha by September, 2013 and another similar capacity unit planned on the West coast. Apart from this, IOC plans to raise its Gujarat refinery capacity to 18 MT by 2016-17 from current 13.7 MT.