Mittal’s joint venture with state-run Hindustan Petroleum started full operation of its first refinery at Bathinda, Punjab. The refinery has a capacity of processing 9 mln tpa of crude (180,000 bpd). For HPCL, the refinery is expected to improve the availability of green fuels in the northern region. It would also give the refinery an advantage in exporting to Pakistan when Islamabad opens its gates - if at all. The refinery's proximity to Pakistan will allow HPCL-Mittal to export fuels through pipeline and offer more discounts that its rivals. The refinery is adding to India's oil refining capacity, which is to rise by 15% to 214 mln tpa by the end of current fiscal.
30-Mar-12 
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