India poised to refine for world as global capacity declines: Union Minister Hardeep Puri
Union Minister Hardeep Singh Puri announced that India plans to increase its oil refining capacity to 300 million tonnes annually by 2030. This expansion aims to position India as a global refining hub while domestic demand is met.
Why it matters
As global refining capacity declines, particularly in Europe, India's strategic expansion could significantly alter global energy supply chains.
India poised to refine for world as global capacity declines: Union Minister Hardeep Puri left Union Minister for Petroleum and Natural Gas Hardeep Singh Puri. File ANI ANI https://th-i.thgim.com/public/incoming/3g35dn/article71630686.ece/alternates/FREE_1200/TH21-nearby1_G8G8GGMNSV5.3.jpg.jpg ANI New Delhi, Jul 02 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri addresses a press conference, in New Delhi on Thursday. (PIB Photo Gallery/ANI Photo) India's refining capacity is currently around 290 million tonnes per annum and is expected to expand further, he said Panaji India is poised to strengthen its position as a global refining hub, with its oil processing capacity set to rise to 300 million tonnes annually by 2030 even as Europe and other parts of the Western world see refinery capacity decline, Union Minister Hardeep Singh Puri said on Tuesday (October 27, 2026).
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India Defends Oil Purchases and Projects Refining Capacity Expansion
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