Indian Oil Corp to raise diesel exports with refining capacity boost, official says
RoydadNaft – Indian Oil Corp anticipates a significant surge in its annual diesel exports, potentially reaching up to 5 million metric tons by 2027 due to expanded refining capacity. The company is increasing its refining capacity to 98 million tons within 18 months and plans to grow its retail fuel station network to over 44,000 locations in the next two years.
Indian Oil Corp expects its annual diesel exportsto rise sharply to up to 5 million metric tons from 2027 as it expands refining capacity, the company’s head of marketing told reporters at the India Energy Week conference.
IOC is raising its annual refining capacity to 98 million tons in a year and a half from 80 million tons currently, S.P. Srivastava said.
The company operates nearly 41,000 retail fuel stations in India, but Srivastva said that IOC’s retail network would be expanded to more than 44,000 over the next two years, adding that he expects India’s jet fuel demand to grow 10% a year until 2030.
