Fossil Fuels
India's BPCL plans new refining, petchem jobs in next 5-7 years
India's Bharat Petroleum Corp plans to increase its incorporated refining and petrochemical capabilities within the next 5 to 7 years to fulfill growing energy demand, Chairman G. Krishnakumar told shareholders. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5% and 7-8% in the 'foreseeable future', he stated. This provides a tactical opportunity to expand refining capability alongside the development of integrated petrochemical complexes, Krishnakumar stated. BPCL is checking out developing a new 180,000-300,000 barrels per day (bpd) oil refinery in southern Andhra Pradesh state or northern Uttar Pradesh state, a market source stated in...