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INDIA: Construction plans for proposed $1,800,000,000 to $2,225,000,000,000 crude oil refinery and $225,000,000 base oil plant move ahead, GULF OIL CORP. LTD. (GOCL) [India] Order #: 054306.

Publication: WWP-Business Opportunities in Asia & the Pacific
Publication Date: 01-MAY-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
PROJECT OVERVIEW

The local GULF OIL CORP. LTD. (GOCL) is currently gearing-up to build new crude oil and base oil refineries in the country. In so doing, the company is said to be keen to foray into the crude oil segment which is supportive for its proposed base oil plant.

According to N.C. Sekharan, GOCL Head (Lubes), his company is now evaluating the scope of the refining business, however nothing has yet been finalized. In any case, local industry analysts are of the opinion that a crude refinery would be supportive for the base oil plant. Hence, the company might prefer to build a new refinery in...

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