Rosneft planning to build greenfield refinery in India with state refiners

Russia’s oil major Rosneft has expressed interest in building a greenfield refinery in India in a joint venture (JV) with public sector refiners, a report by The Economic Times (ET) said. Indian Oil Corporation (IOC) and Bharat Petroleum (BPCL) are expected to be likely candidates for the JV. This refinery will be separate from the Gujarat refinery that Rosneft-backed Nayara Energy runs.

Separately, Indian public sector refiners are also looking for a scaled-down alternative to a $44 billion refinery on the west coast of the country which has already been delayed, it added.