India Refiner With Iranian Investment Plans $3 Billion Expansion

  • CPCL plans to boost Nagapattinam refinery’s capacity ninefold
  • Company plans expansion to meet oil demand in southern India

Iran Set to Lose India Oil Market Share

India’s state-run Chennai Petroleum Corp., in which Iran has a stake, plans to spend about 200 billion rupees ($3 billion) for a ninefold capacity boost at one of its refineries to quench the South Asian nation’s increasing thirst for fuel.

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