Panel begins work on preparing blueprint for refinery exports

 An expert panel has begun work on drafting blueprint for raising India’s oil refining capacity by 2040 with a view not just meeting demands of the fast expanding economy but also to capture export market.

 The 12-member Working Group for preparing Approach Paper for enhancing refining capacity by 2040 held it first meeting on June 27, officials said. The panel began work by asking public and private sector refiners to present their plans for capacity expansion and asked for domestic demand assessments to be made. 

The panel is headed by an Additional Secretary in the Oil Ministry and includes directors of refineries at Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL).