India's planned desert state refinery to buy 50,000 bpd oil from Cairn

  • Reuters
  • Commodities News
India's planned desert state refinery to buy 50,000 bpd oil from Cairn
Credit: © Reuters.

NEW DELHI, Jan 9 (Reuters) -

* India's planned 180,000 barrel per day (bpd) refinery in the desert state of Rajasthan to buy 50,000 bpd oil from Cairn India's CAIL.NS field, Oil minister Dharmendra Pradhan said on Tuesday.

* The new refinery, which will be completed by 2022-23, will get the remaining oil from local and overseas outlets, Pradhan said.

* The refinery and the linked petrochemical projects, to be majority owned by Hindustan Petroleum Corp HPCL.NS , would cost 431.29 billion Indian rupees ($6.77 billion), the minister said

($1 = 63.7075 Indian rupees)

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