Refining capacity to increase by ten million mt

New Delhi, Nov 8 (UNI) Petroleum and Natural Gas Minister Murli Deora today said the refining capacity in the country will increase to 148.97 million metric tonne per annum (MMTPA) at the beginning of next five year Plan (11th Five Year Plan) from the present capacity of 138 MMTPA.

Speaking during the session on Petroleum and Natural Gas at Economic Editors Conference-2006, here today, Mr Deora added that during 2006-07, production is expected from additional 6 MMTPA capacity at IOC Panipat and 3.23 MMTPA capacity addition in 2 refineries at HPCL at Vizag and Mumbai.

Referring to the highly successful New Exploration Licensing Policy (NELP), the Minister said Oil and Oil equivalent Gas in place-reserved accretion is approximately 510 million metric tonnes from 16 discoveries under NELP.

UNI RT DKS GC2004