State Explorer Petroleum India Ltd. expects to operate its refinery in the northeastern state of Assam with an expanded capacity of 180,000 barrels per day (bpd) in the fiscal year to March 2027, Chairman Ranjit Rath said on Saturday.
Oil India subsidiary Numaligarh Refinery Ltd (NRL) It is expanding the plant’s capacity from the current 60,000 bpd and building a pipeline connecting the refinery to the port of Paradip in the eastern state of Odisha, Rath said.
“Both projects are on schedule and are expected to come into operation in December 2025,” he said at a news conference.
The company would import about 110,000 bpd of crude oil to process at the expanded plant. refinerysaid.
Oil India plans to invest Rs 250 billion ($3 billion) by 2030 in various projects, including clean energy assets.
NRL is also installing a 50,000 tonne-per-year biorefinery to produce ethanol using bamboo as a feedstock.
Rat Ethanol production from the Assam biorefinery is expected to begin by the end of September.
In addition to supplying fuel to the northeast of the country, NRL also provides diesel to Bangladesh through a pipeline with a capacity of 1 million tons per year.
Rath said there were no disruptions in Bangladesh. diesel supplies despite a political crisis in the state.
“There is a letter of credit for supply to Bangladesh,” he said.
Oil in India It has stakes in two upstream projects in Russia: Vankorneft and Tass-Yuryakh. Its $250 million dividend is in the Moscow branch of an Indian bank and has not yet been repatriated, he said.
Other Indian companies also have stakes in the two projects. The companies have not yet received dividends totalling $600 billion, he added.
(1 dollar = 83.8800 Indian rupees)
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