Published on June 21, 2017
State-run Bharat Petroleum (BPCL) is revisiting its mothballed plan to build a refinery in Allahabad to cater to the expanding demand for fuel in the country.
It’s an old plan and now reassessing it. Company have land for that and have begun erecting boundaries around it, As per report.
“More refining capacity is needed to meet the rising fuel demand. And if we have to meet our own target of raising refining capacity to 50 million tonnes in five years, we need a greenfield project,” said by BPCL managing director D Rajkumar.
BPCL, along with Indian Oil and Hindustan Petroleum, is working on setting up the world’s biggest greenfield refinery in Maharashtra. BPCL holds 25% stake in the mega project in which Saudi Aramco is said to be keen to invest