India’s refining capacity seen to rise by 30% by 2012

India’s annual crude refining capacity is expected to increase by 30% to 240 million tons in two years, according to Oil Secretary S. Sundareshan, which is in line with 2012 targets. India’s refining capacity was at 184.39 million tons in Apri1 2010, from 177.97 million tons the previous year, a 4% increase. Sundareshan also said the country could be exporting 80-90 million tons of oil products annually in two years’ time. India, which is the world’s fourth largest importer of crude oil, exported 50.97 million tons of petroleum products against imports of 23.49 million tons in 2009-10, official data showed. (February 15,2011)