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Kuwait's Al Arfaj group plans 600,000 bpd refinery, LNG terminal in India

India aims to raise its refining capacity by 50% in seven years to 7 mn bpd

Reuters  |  New Delhi 

oil refinery, oil, gas
Representative image of oil refinery

Kuwait's Group plans to build a 600,000 barrels per day and a 10 million tonnes a year liquefied natural gas (LNG) terminal in the Indian coastal state of Andhra Pradesh, the state's Chief Minister said on Tuesday.

Holding Co has signed a memorandum of understanding with Andhra's Economic Development Board for the project, which also includes a petrochemical complex, N Chandrababu Naidu said.

India, which imports about 80 percent of its oil needs, aims to raise its refining capacity by 50 per cent in the next seven years to about 7 million barrels per day.

Earlier this month said it planned a 'mega investment' in refining, and in India.

First Published: Tue, October 24 2017. 23:13 IST