MANY domestic oil companies have the potential to go global while integratingtheir operations within the entire hydrocarbon value chain.In the `XIII refinery technology meet on maximising hydrocarbon value chain',However, refineries face the challenge of competing in the changing world energyscene, while being cost effective. Citing a study conducted in partnership withShell, only two refineries in the country met the better plant capacity utilisation benchmarks. This has to be extended to other plants.The three-day refinery technology meet is aimed at addressing issues relating tocountry's energy security and sustaining refining business in the context of risingcrude oil prices, etc. Three grassroots refineries of BPCL at Bhatinda (Rs 10,000crore investment), BPCL, Oman Oil at Bina in M.P. (Rs 9,000 crore) and IOC's atParadip (Rs 18,000-20,000 crore), were coming up. 75 per cent of the crude oilrequirement is met through imports, and the country is heavily vulnerable onvarious external factors affecting the hydrocarbon sector. Demand for energy inIndia is expected to double the world average growth of 1.9 per cent.
2.REFINERIES IN INDIA
As of July, 2008 there are a total of 18 refineries in the country comprising 17in the Public Sector, one in the private sector. The company-wise locations andcapacity of the refineries as on 1.01.2008 as given below: