Indian Oil Corporation (IOC) is planning to nearly double oil refining capacity from the current 80.7 million tonnes per annum (MTPA) to around 150 MTPA by 2030, through both brownfield expansions and greenfield capacity creation.
The company is expanding its upstream portfolio of domestic and overseas oil and gas blocks to be able to source at least 10% of its crude oil requirements from its own assets in the medium term.
Indian Oil Corporation (IOC) is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.