The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- India plans to increase its oil refining capacity to approximately 6.4 million barrels per day from the current 5.4 million level.
- Expanding this capacity requires significant capital investment estimated between 780 billion and 800 billion rupees per refinery.
- Investors from the United Arab Emirates and Saudi Arabia are showing interest in participating in these projects.
- The availability of access to India's downstream oil market remains a primary condition for attracting these foreign investments.
What to watch next
- Finalization of investment agreements with UAE and Saudi Arabian entities
- Progress on the timeline for refinery expansion projects
Who said what2
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Hardeep Singh Puri
2 quotes · 1 outlet
“Nobody wants to come and invest in a refinery unless they can also get a slice of your growing downstream market,”
In the article
…" Nobody wants to come and invest in a refinery unless they can also get a slice of your growing downstream market, " Puri said at an event. India, the world's third-biggest oil importer and consumer, aims to expand its refining capacity to 6.2-6.4 million barrels per day from the current about 5.4 million bpd by building new plants…
“So yeah, they're very keen on these investments”
In the article
…the current about 5.4 million bpd by building new plants and upgrading the existing units, he said. Puri said the cost of building a refinery was huge, about 780 billion to 800 billion rupees ($8.13-$8.34 billion). " So yeah, they're very keen on these investments ", he added. (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. (Catch all the Business News, Breaking News…
Coverage1
All filed from India
Named United Arab Emirates · Saudi Arabia · India · Hardeep Singh Puri
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