India to expand oil refining capacity to 300 million tonnes by 2030
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims·
Why in news
Union Minister Hardeep Singh Puri announced a plan to expand India's oil refining capacity to 300 million tonnes per annum by 2030.
Background
India's oil refining capacity is currently 290 million tonnes per annum. The expansion aims to reach 300 million tonnes by 2030, including scaling facilities to nine million tonnes for domestic and international markets.
Facts for Prelims
- FactCurrent oil refining capacity: 290 million tonnes per annum
- FactTarget oil refining capacity by 2030: 300 million tonnes per annum
- FactExpansion includes scaling facilities to nine million tonnes
- Place29th Energy Technology and Innovation Meet held in south Goa
For Mains
Q. Discuss the significance of expanding oil refining capacity in achieving India's energy security and its implications for the global energy market.
Dimensions to cover in your answer
- Energy security: Reducing import dependency by enhancing domestic processing capabilities
- Market dynamics: Balancing domestic fuel requirements with international export ambitions
- Infrastructure bottleneck: Requirement for high-tech refining units to meet 2030 targets
Keywords: Energy Security · Refining Capacity · Industrial Expansion · Energy Infrastructure · Import Substitution
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.