India to augment its refining capacity: Dharmendra Pradhan

India to augment its refining capacity: Dharmendra Pradhan

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refining capacit
Petroleum refinery

Union Petroleum Minister, Dharmendra Pradhan said the country will increase its refining capacity to 600 million metric tonnes from the present 230 million metric tones to meet the growing demand.  Addressing the inaugural session of 21st Refinery Technology Meet, Pradhan said his ministry has been emphasizing on innovation and strengthening R&D wing.  Stating that Prime Minster, Narendra Modi wanted 10 per cent cut in the imports by 2022, the minister said three fourth of the demand would be met by 2040.  However, he admitted that there has been gap between, innovation, industry and policy, which was hampering the growth.  India not only will increase its production for domestic consumption but also meet the requirement of neighbors Nepal, Bhutan, Bangladesh, Myanmar and Sri Lanka, Mr. Pradhan said.

Source: ptinews.com

Image source: local.exxonmobil.com

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