Petroleum sector emerges top exporter overtaking gems & jewellary
13 Dec '06
2 min read
Shri Murli Deora
Shri Murli Deora, Minister of Petroleum & Natural Gas informed the Parliamentary Consultative Committee attached to his Ministry here last evening, that a refining capacity addition of about 16.5 million tones has taken place in the country during the first 8 months of the current fiscal year.
This addition has come in from 6 million tones capacity expansion at IOC's Panipat Refinery and 10.5 million tones new grass root refinery commissioned in the private sector by ESSAR Oil at Vadinar.
With this, Shri Deora informed, the total petroleum products refinery capacity in the country has reached 148.97 Million Metric Tones Per Annum (MMTPA) up from 132.97 MMTPA as on 1/4/2006.
Indian Oil's Panipat Refinery Expansion Project adding 6 MMTPA capacity along with PX-PTA Project was commissioned in August this year and is presently under stabilization. The Project has been set up at a cost of about Rs. 9100 crore and comprises India's largest integrated single unit petrochemical complex.
Further Shri Deora also informed that PSUs have planned capacity addition of 53 MMTPA by the end of the XI Five Year Plan which comes to around 50 percent of their present capacity. The refinery capacity in India is expected to go up to about 241 MMTPA by adding about 92 MMTPA during XI Plan.
Three major grassroots refineries are at various stages of progress at Bhatinda in Punjab, Paradip in Orissa and Bina in M.P. being developed by HPCL, IOC and BPCL respectively with an addition of 30 MMTPA by the end of 2010-11.
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