Indian Oil Subsidiary CPCL Plans 280,000 Bpd Manali Refinery
Indian Oil Subsidiary CPCL Plans 280,000 Bpd Manali Refinery Indian refiner Chennai Petroleum Corporation Limited plans to boost the crude oil refining capacity at its Manali refinery by a third to 280,000 barrels per day (bpd), the refinersaidin its 2025/2026 report.
Chennai Petroleum Corporation Limited (CPCL) is a subsidiary of the country's top state-controlled refiner, Indian Oil Corporation.
Therefineryat Manali, Chennai, has facilities to produce fuels, lubricants, waxes, and petrochemicals.
The current capacity of 210,000 bpd will be increased to 280,000 bpd under CPCL's plan, which did not give a timeline for the expansion.
CPCL had another small refinery, Cauvery Basin Refinery (CBR), in Nagapattinam, but it was decommissioned in 2019, due to limitations in meeting product specifications with the existing configuration.
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Chennai Petroleum planned to rebuild the Cauvery Basin Refinery to upgrade it to specifications, but earlier this year itshifted the focusof the plan from a refinery to a petrochemicals complex.
Cauvery will now be prioritized as a petrochemicals site, with CPCL's parent company Indian Oil Corporation holding a 75% stake in the project.
The pivot to petrochemicals reflects the soaring domestic and global demand for petrochemicals and specialty chemicals.
The Cauvery project in the southern Indian state of Tamil Nadu will be reconfigured to “enhance petrochemical intensity”, Chennai Petroleum said in its annual report.
Planned expansions of oil refining capacity is set to leadIndia's energy investmentsthis year and in the coming years, alongside solar installations, the International Energy Agency (IEA) said in its World Energy Investment 2026 report earlier this year.
Over the past five years, India's energy investment has increased by 11% on average, with solar PV investment up by 25% in this period, and investment in oil refining jumping by 23%, according to the report.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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