Refinery project delays a mixed blessing for India

Reliance Industries Ltd.'s 27 million tonne/year Jamnagar, India, refinery, completed in 1999, has the fifth largest capacity of any refinery in the world. Its crude distillation capacity makes up 25% of total Indian refining capacity.Click here to enlarge imageSlow progress may be a mixed blessing for Indian refining projects because the country is headed for a supply glut if projects planned for the next 4 years are completed on time. Click here to enlarge imageAdherence to schedule is unlikely, however, because a lack of partners and reorganization of government refining assets are encouraging refiners to reconsider their plans. Despite various delays, construction for most new...

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