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2018-04-02 09:10:00

INDIA'S OIL INVESTMENT: $22 BLN

INDIA'S OIL INVESTMENT: $22 BLN

REUTERSIndian Oil Corp plans to invest 1.43 trillion rupees ($22 billion) in next five years as the country's top refiner seeks to raise its annual capacity to about 3.2 million barrels per day by 2030, its head of refineries said on Saturday.

Refiners in India, the world's third-biggest oil consumer and importer, have sketched out plans to raise their capacity by 77 percent to about 8.8 million bpd by 2030 to meet the country's rising fuel demand.

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Tags: INDIA, OIL, INVESTMENT
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