INDIA ALMOST SELF-SUFFICIENT IN PETRO-PRODUCTS
Figures from the Indian government show that the voluminous increase in domestic refining capacity this year and next means the country is well on its way to becoming self-sufficient in oil products.
Projections show that imports in 1999-2000 will be 12m tonnes and in 2000-2001 just 7m tonnes. In the last financial year India imported roughly 26m tonnes.
Savings to the Indian exchequer will be in the region of $450m for 1999-2000 and $600 in 2000-2001. Domestic demand will be met from the 27m t/y Reliance refinery at Jamnagar where initial production will start at 11m t/y until March 2001, and the Mangalore refinery where total throughput will be 6m t/y until March 2001 (See also: 20-RELIANCE DELAYS REFINERY START - BUT WHY)
