NEW DELHI: Prime Minister Narendra Modi on Monday said that India is planning to nearly double its oil refining capacity to 450 million tonnes (MT) from the current 250 MT by 2025. “Reforms in Exploration and Licensing Policy were put in place in February 2019.
The focus has shifted from ‘revenue’ to ‘production’ maximisation. There is also focus on greater transparency and stream-lined procedures. We plan to grow our refining capacities from about 250 to 400 Million Metric tonnes Per Annum by 2025,” said the PM speaking at the fourth India Energy Forum alongside.
