(INFRALINE) — India will be hit by a glut of oil products in the coming years due to excess refining capacity. This would force domestic oil firms to increase exports and shelf new projects. The 10.5 million tonne/year Essar refinery at Vadinar is expected to be commissioned by the end of 2004. Expansion projects have…
INDIA: Oil products glut likely to hit companies’ margins
Posted on October 15, 2003 by EnergyAsia