Public Sector Undertakings (PSUs) and Joint Venture (JV) refiners have reported a combined processing capacity of 15.7 Million Metric Tons (MMT) recently. Additionally, private refiners were not left behind, making significant contributions of an impressive 7.0 MMT. However, these figures do not represent the total processing capabilities of these entities as the processing of indigenous resources also plays a crucial role.
1. PSUs and JV refiners have reported a combined processing capacity of 15.7 Million Metric Tons (MMT) in recent times.
2. Private refiners have also made significant contributions with a processing capacity of 7.0 MMT.
3. The processing of indigenous crude oil was an impressive 29.4 MMT in the 2017-2018 period.
4. All three sectors – PSUs, private companies and JVs – play vital roles in the processing of essential resources such as crude oil.
5. The data points towards the significant contribution and collaboration of multiple sectors and investors to achieve maximum processing efficiency and capacity.
In 2020, India's total crude oil refining capacity stood at 249.4 Million Metric Tons per Annum (MMTPA) and is expected to increase to 439.0 MMTPA by 2030, as reported by India Brand Equity Foundation.
The processing of indigenous crude oil was 29.4 MMT during 2017-2018. The public sector refineries processed 18.4 MMT and joint venture refineries accounted for 1.8 MMT. Private sector refineries, however, processed a significant 9.2 MMT. Clearly, all three sectors – public, private, and joint ventures – have played a crucial role in the processing of this crucial resource. This demonstrates the significance of multiple investors and collaborations in achieving maximum processing potential.