Another refinery complex being considered by IOC to meet rising demand

22-Jul-10

In a bid to meet rising demand for petroleum and petrochemical products, Indian Oil Corporation (IOC) is considering the option of setting up another greenfield refinery with a capacity of 14-15 mln tpa at an investment outlay of Rs 15,000-20,000 crore. The proposed refinery is likely to be located on the West Coast. A senior official of IOC said, “Presently our focus is on the eastern region. It is too premature to talk about the new proposed refinery on the west now.”