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Oil India Plans to Commence Operations in Numaligarh Refinery by 2025

Last Updated on 03rd April 2024

Oil India has unveiled ambitious expansion plans, including the opening of its Numaligarh refinery in the northeastern state of Assam by December 2025. The Numaligarh refinery, boasting a capacity of 180,000 barrels per day (bpd), is slated to process 110,000 bpd of imported crude, with the remaining crude requirement to be met through local production. 


Oil India Plans to Commence Operations in Numaligarh Refinery by 2025


This strategic initiative is poised to fortify the company's operations and significantly drive its growth trajectory. Beyond mere expansion, the refinery signifies a strategic move towards diversification for Oil India. In tandem with its refinery operations, the company intends to establish a trading desk, signaling its intent to broaden its scope beyond exploration and production into trading activities.


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Moreover, Oil India aims to leverage the Numaligarh refinery to export refined fuels to Bangladesh, a move anticipated to consolidate its foothold in the global oil and gas market. The inauguration of operations at the Numaligarh refinery marks a significant milestone for Oil India, underscoring its unwavering commitment to growth and adaptability in response to the evolving dynamics of the energy sector. Through this endeavor, Oil India is poised to enhance its standing in the domestic market and assert its presence on the global stage.


Read: Aramco Grants $7.7 Billion EPC Contracts for Fadhili Gas Plant Expansion


Project Objectives

Capacity Expansion

The Numaligarh refinery is slated to process 180,000 barrels per day (bpd), with a significant portion—110,000 bpd—dedicated to imported crude. The remaining crude requirement will be met through local production.


Trading Desk Setup

The company plans to establish a trading desk to facilitate operations, ensuring a seamless supply chain. This move indicates Oil India's intention to expand its operations beyond exploration and production, venturing into trading as well.


Export to Bangladesh

Oil India plans to export refined fuels to Bangladesh from the Numaligarh refinery. This strategic move is expected to strengthen the company's position in the international market and establish it as a significant player in the energy sector.


Read: KPIL Secures EPC Contract from Aramco for the Development of Master Gas System Network in Saudi Arabi


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