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About Refining Sub-Sector

Fueling the Future: Unlocking Investment Opportunities in India's Thriving Refining Sector.
India, as the second-largest refiner in Asia, has firmly positioned itself as a global powerhouse in oil processing. With an extensive refining capacity of approximately 249 million tonnes per year, equivalent to around 5 million barrels per day, the nation is poised for further growth. Presently, India boasts 23 operational refineries with a combined refining capacity of 249.22 million metric tons per annum. As we look to the horizon, this capacity is expected to surge by an impressive 79%, reaching a staggering 439 million metric tons per annum by 2030. Explore the myriad investment possibilities in India's refining sector, driven by a welcoming 49% FDI policy through the automatic route, and witness how India's state refiners are set to invest USD 26.96 billion to elevate oil refining capacity by 20% in Asia's third-largest economy by 2025.

Refining Snapshot

  • 47 Opportunities
  • USD 33.77 bn Worth

Mode of Implementation

  • 36 EPC
  • 2 Pure Private
  • 1 To Be Finalized
  • 0 PPP
Top performing states
Refining | Requirement
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Project ID: 400362

Coal To liquids Project - Jindal Synfuels Limited

USD 9.74 bn

State(s) | Odisha Sub Sector | Refining
Stressed Asset
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Stressed Asset ID: 9244

VOVL Ltd.

No claim amount

State(s) | Maharashtra Sub-sector | Refining

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Policies
  • Open Acreage Licensing Policy(OALP): Modalities for operationalization Hydrocarbon Exploration & Licensing Policy(HELP)

    Open Acreage Licensing Policy(OALP): Modalities for operationalization Hydrocarbon Exploration & Licensing Policy(HELP)

  • Policy Framework for Exploration and Exploitation of Unconventional Hydrocarbons

    Policy framework for exploration and exploitation of unconventional hydrocarbons under existing production sharing contracts (PSCs), Coal Bed Methane (CBM) contracts and Nomination Fields.

  • Policy Framework to Promote and Incentivize Enhanced Recovery Methods for Oil and Gas

    To provide fiscal incentives to adopt Enhanced Recovery (ER), Improved Recovery (IR) and Unconventional Hydrocarbon (UH) production methods.

  • Policy Reforms in Exploration of Oil and Gas

    To increase exploration activities, attract domestic and foreign investment in unexplored/unallocated areas of sedimentary basins, and enhance domestic production of oil and gas from existing fields and promote ease of doing business by streamlining and expediting the approval processes.

  • Hydrocarbon Exploration & Licensing Policy (HELP)

    This policy allows an open acreage licensing, full freedom for marketing and pricing, single license for conventional and un-conventional hydrocarbons, equal weight-age of work programme and fiscal share and low royalty for offshore fields, among others.

  • Discovered Small Fields Policy

    The policy offers improved fiscal terms such as no oil cess applicable on crude oil production, moderate royalty rates same as in NELP regime, no upfront signature bonus, pricing and marketing freedom for oil and gas and no carried interest by NOCs.

  • New Exploration Licensing Policy (NELP)

    The main objective of the policy is to attract significant risk capital from Indian and foreign companies, state of part technologies, new geological concepts and best management practices to explore oil and gas resources in the country to meet rising demands for oil and gas.

  • Coalbed Methane (CBM) policy

    This policy specifies the modality for taking up commercial development of CBM, modality for identification and allotment of blocks, fiscal provisions/incentives and in a subsequent MOU entered between MOC & MOPNG specifies that right of 9 exploitation of Coal Mine Methane (CMM) from coal mining areas will be with coal mine operator.