Petromins new mantra for future: make India a refining hub
Sanjay Jog The petroleum ministry has made a strong pitch for developing India as a refining hub. The sub-group on refining for formulation of the 11th Plan has assessed the supply-demand positions of petroleum products in the country up to 2011-12, along with prospects of product exports and projected a total refining capacity of 242 million tonne (mt) by 2011-12. This comes at a time when the government is tackling the issue of rising crude prices and its impact on oil marketing Companies (OMCs).