"Inside ONGC’s ₹12,000 Cr Bet on Jamnagar”

’s Proposed Jamnagar Refinery Key Project Highlights:-- State-run Oil and Natural Gas Corporation is conducting a pre-feasibility study for a new greenfield refinery at Jamnagar, Gujarat Proposed capacity of 200,000–240,000 barrels per day2 Coastal location to leverage sea-borne crude imports and export logistics Jamnagar already hosts Reliance’s mega-refinery complex, making it a strategic refining hub. Strategic Rationale"-- India aims to position itself as a global refining hub, with demand outpacing China’s growth in fuel consumption ONGC’s addition will diversify supply sources and boost domestic refining capacity by up to 240,000 bpd Coastal setup reduces inland transport costs and supports long-term export ambitions Proximity to Reliance’s facility enables shared infrastructure opportunities