Indian Oil aiming to increase natural gas sales 1.5-times by 2030: Chairman
Indian Oil Corporation aims to increase its natural gas sales by 1.5 times by 2030 while expanding its total refining capacity to 98 MMTPA. The company is also focusing on increasing its petrochemical intensity to 15% to diversify its product output.
Why it matters
As a major state-owned refiner, Indian Oil's strategic shift toward natural gas and petrochemicals reflects India's broader energy transition and industrial growth goals.
Indian Oil is eyeing to increase their natural gas sales by one-and-half times by 2030, Arvinder Singh Sahney, Chairman of the state-owned oil-marketing company stated in his address at the annual general meeting of shareholders Monday.
Further underlining plans for expanding their refining capacity, Mr. Sahney stated the Delhi-headquarted refiner is looking to contribute more than 40% of the 300 million metric tonnes per annum (MMTPA) refining capacity that the country is targeting.
Indian Oil reported their highest-ever natural gas sales of 7.09 million metric tonnes (MMT) in the fiscal year 2025-26.
Its city-gas distribution also achieved positive EBITDA.
“Looking ahead, we have set a target of increasing natural gas sales by 1.5 times by 2030, supported by expansion across the global gas value chain,” said Mr. Sahney.
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