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Indian Oil plans $5.5 billion expansion of refinery co-owned by Iran

Indian Oil plans $5.5 billion expansion of refinery co-owned by Iran

An Indian Oil Corp unit plans to invest $5.5 billion to gradually raise the capacity of its smallest refinery co-owned by Iran to 300,000 barrels per day (bpd), its chairman said, to help meet a surge in demand for refined products in the world’s fastest growing major economy. The Nagapattinam plant operated by IOC’s subsidiary…

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