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building two new refineries and expanding the capacity of existing
refineries as follows:
Construction of a 300,000 b/d refinery in the western part of the
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country, as well as expansions in two stages at the Gujarat refinery
at Koyali to raise the capacity from 274,000 b/d to 360,000 b/d
by 2017 then to 460,000 b/d in the second stage by 2020.
In March 2012, HMEL commissioned its 180,000 b/d Guru
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Gobind Singh refinery near Bathinda in Bunjab. HMEL also
announced that it will consider doubling the capacity of this
new refinery.
Reliance Industries Ltd., Mumbai, announced that it would
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expand petrochemicals production units at its 1.2 million b/d
Jamnagar refinery. The expected cost of the project is about
$10-12 billion and will take up 4 years for execution.
Although China and India are the most active countries in the
region in adding refining capacity, they are by no means the only
ones. Indonesian’s OSO Group announced a plan to build a $4.8
billion refinery in joint venture with State Oil Co, of the Azerbaijan
Republic (SOCAR) near Batam Island. Planned capacity of the
refinery is 600,000 b/d upon opening in 2017.
In Vietnam, it was announced that construction of the Nghi Son
refinery will start at the beginning of 2013.The cost of the project
will be $8 billion. Petro Vietnam, Kuwait Petroleum International
(KPI) and Japan’s Idemitsu Kosan Co will own the joint venture.
While several Asian developing countries were expanding their
refining capacities, other countries are reducing their refining
footprints. The following are some examples:
