https://sputniknews.in/20240214/indo-russian-oil-company-to-double-refinery-capacity---6539537.html
Indo-Russian Oil Company to Double Refinery Capacity
Indo-Russian Oil Company to Double Refinery Capacity
Sputnik India
Nayara Energy's refinery situated in Vadinar near a deep-sea port that can accommodate ultra-large crude carriers. The primary oil refining capacity at the refinery is 20 million tons per year.
2024-02-14T14:27+0530
2024-02-14T14:27+0530
2024-02-14T15:20+0530
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Nayara Energy, an Indian oil company in which Russia's Rosneft has a 49.13% stake, plans to double the capacity of its oil refinery in Vadinar, Gujarat, Pankaj Jain, secretary of India's ministry of petroleum and natural gas, told Russian media.Talking about the company's extension plan, he said, "It's like building a new oil refinery. But if there is already a refinery, there is land, it will be faster to expand it."In January, at a meeting with students in Kaliningrad, Russian President Vladimir Putin recalled that the largest foreign investment in the Indian economy came from Russia - the Rosneft company invested $23 billion in the acquisition of an oil refinery, a network of gas stations, and a port. The Russian leader said at the time that they had plans to build a plant in the future.
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vadinar of gujarat, nayara energy, ministry of petroleum and natural gas of india, foreign investment in the indian economy came from russia,
vadinar of gujarat, nayara energy, ministry of petroleum and natural gas of india, foreign investment in the indian economy came from russia,
Indo-Russian Oil Company to Double Refinery Capacity
14:27 14.02.2024 (Updated: 15:20 14.02.2024) Nayara Energy's refinery is located in Vadinar, close to a deep-water port that can accommodate ultra-large crude carriers. The facility has a primary refining capacity of 20 million tonnes annually.
Nayara Energy, an Indian oil company in which Russia's Rosneft has a 49.13% stake, plans to double the capacity of its oil refinery in Vadinar, Gujarat, Pankaj Jain, secretary of India's ministry of petroleum and natural gas, told Russian media.
"We are talking about expansion, increasing the size of the (Nayara Energy) refinery. They want to increase refining volumes. If (in terms of volumes) it is now X, they want to increase it to two X," he said.
Talking about the company's extension plan, he said, "It's like building a new oil refinery. But if there is already a refinery, there is land, it will be faster to expand it."
In January, at a meeting with students in Kaliningrad, Russian President Vladimir Putin recalled that the largest foreign investment in the Indian economy came from Russia - the Rosneft company invested $23 billion in the acquisition of an oil refinery, a network of gas stations, and a port.
The Russian leader said at the time that they had plans to build a plant in the future.
