India's oil policy: The dilemma for self-sufficiency in refining capability
Kapil Thukral
Energy 13(4): 357-366
1988
ISSN/ISBN: 0360-5442 DOI: 10.1016/0360-5442(88)90030-8Document Number: 320223
India is likely to be a net oil importer in the foreseeable future and any additional refining capacity will run essentially on imported crudes. It is not clear that self-sufficiency in indigenous refining capability will be the least-cost option. Product price levels in the international market and quality of crude oils available for import are among the major factors that will influence refinery-investment decisions. It may be desirable for India to negotiate a suitable petroleum products procurement contract with productsurplus nations in the region.