Top 5+ Largest Oil Refinery Company in India 2020

Q: How Many Refineries Are in Usa?

As of January 1, 2023, there were 129 operable petroleum refineries in the United States.

Q: Oil Refinery in Gujarat

Gujarat Refinery is situated at Jawahar Nagar, nearly 10 km North of Vadodara. Gujarat Refinery is the anchoring industry of Vadodara and is catering to the increasing energy demand due to the fast-paced development and economic prosperity of the vibrant state of Gujarat over the course of five decades.

Q: World Largest Oil Refinery Country

The United States has the most oil refineries. It currently has around 130 operational facilities across the country, producing 18 million barrels daily. Close behind the United States is China, with a capacity of 17 million barrels per day recorded in 2021.

Table of Contents

Which is the Oldest Oil Refinery in India? or Which is the Oldest Refinery in India?

Digboi Refinery, commissioned on 11th December 1901 by Assam Oil Company Ltd, is India’s oldest refinery and one of the oldest refineries in the world.

Digboi refinery is known as the birthplace of the Oil Industry in India.

Where is the Biggest Oil Refinery in India?

Jamnagar is the location where the biggest refinery is Located. The Jamnagar manufacturing division of the Jamnagar refinery is the world’s largest refining hub, With a processing capacity of crude is 1.24 million Barrels Per Stream Day (BPSD).

Which is World’s Largest Oil Refinery?

Reliance Jamnagar Petroleum Refinery is the world’s Largest Refinery.

Also, Read: Top 10 Largest States in India by Area

Which is the Largest Oil Refinery in India? or Which is the Largest Petroleum Refinery in India?

Jamnagar Refinery is a private sector oil refinery owned by Reliance Industries Limited in Jamnagar, Gujarat.

The refinery was commissioned on 14 July 1999, with an installed capacity of 668,000 BPSD (106,200 m3/d). Jamnagar Refinery is the largest refinery in the world.

Financial Year	Revenue in Billion
FY-2010	1751.20
FY-2011	2351.75
FY-2012	3265.32
FY-2013	3729.23
FY-2014	4058.52
FY-2015	3398.90
FY-2016	2349.45
FY-2017	2508.33
FY-2018	3060.95
FY-2019	3939.88
FY-2020	3875.22

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List of Oil Refineries in India with Revenue

Oil companies Name	Revenue (Rs. Lakh Cr.)
Indian Oil Corporation Limited	4.87 Cr.
Reliance Industries Limited	6.59 Cr.
Hindustan Petroleum Corporation Limited	2.71 Cr.
Bharat Petroleum Corporation Limited	2.87 Cr.
Oil and Natural Gas Corporation	4.34 Cr.

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List of Oil Refineries in India

Here, list of Refineries in India.

Sr. No.	Refinery Name	Oil Company Name	State	Location	Capacity (10⁶ tonnes/y)
1	Jamnagar Refinery	Reliance Industries Limited	Gujarat	Jamnagar (SEZ)	33
2	Jamnagar Refinery	Reliance Industries Limited	Gujarat	Jamnagar (DTA)	27
3	Nayara Energy Refinery	Nayara Energy Limited	Gujarat	Vadinar	20
4	Kochi Refinery	Bharat Petroleum Corporation Limited	Kerala	Kochi	15.5
5	Mangalore Refinery and Petrochemicals Limited	Oil and Natural Gas Corporation	Karnataka	Mangalore	15
6	Paradip Refinery	Indian Oil Corporation Limited	Odisha	Paradip	15
7	Panipat Refinery	Indian Oil Corporation Limited	Haryana	Panipat	15
8	Gujarat Refinery	Indian Oil Corporation Limited	Gujarat	Vadodara	13.7
9	Mumbai Refinery	Bharat Petroleum Corporation Limited	Maharashtra	Mumbai	12
10	Mumbai Refinery	Hindustan Petroleum Corporation Limited	Maharashtra	Mumbai	7.5
11	Guru Gobind Singh Refinery	Hindustan Petroleum Corporation Limited HPCL Mittal Energy Limited (HMEL)	Punjab	Bathinda	11.3
12	Manali Refinery	Chennai Petroleum Corporation Limited	Tamil Nadu	Chennai	10.5
13	Visakhapatnam Refinery	Hindustan Petroleum Corporation Limited	Andhra Pradesh	Visakhapatnam	8.3
14	Mathura Refinery	Indian Oil Corporation Limited	Uttar Pradesh	Mathura	8
15	Haldia Refinery	Indian Oil Corporation Limited	West Bengal	Haldia	8
16	Bina Refinery	Bharat Oman Refinery Limited	Madhya Pradesh	Bina	7.8
17	Barauni Refinery	Indian Oil Corporation Limited	Bihar	Barauni	6
18	Numaligarh Refinery	Bharat Petroleum Corporation Limited Oil India Government of Assam	Assam	Numaligarh	9
19	Bongaigaon Refinery	Indian Oil Corporation Limited	Assam	Bongaigaon	2.735
20	Guwahati Refinery	Indian Oil Corporation Limited	Assam	Guwahati	1

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Best Oil Refinery in India As per Revenue

Here, list of Oil Refinery list as per rating of revenue.

Sr. No	Best Oil Refinery	Rating As Per Revenue
1	Reliance Industries Limited	1.00 ⭐
2	Indian Oil Corporation Limited	2.00 ⭐
3	Oil and Natural Gas Corporation	3.00 ⭐
4	Bharat Petroleum Corporation Limited Oil India	4.00 ⭐
5	Hindustan Petroleum Corporation Limited	5.00 ⭐

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List of Top Oil Petroleum Refinery in India

Here, the list of Petroleum Refineries in India.

Indian Oil Corporation Ltd
Reliance Jamnagar Petroleum Refinery
Bharat Petroleum Corporation Ltd
Hindustan Petroleum Corporation Ltd
Nayara Energy Ltd
Oil & Natural Gas Corporation Ltd

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1. Indian Oil Corporation Ltd

Indian Oil Corporation Ltd has two major competitors in India, known as Hindustan Petroleum and Bharat Petroleum, both are state-controlled, but Essar Oil and Reliance Petroleum are two more competitors in the private sector.

Indian Oil Corporation was founded in 1959 and Its headquartered located in New Delhi, India. IOCL was offering a product range like fuels, petrochemicals, lubricants.

Indian Oil Corporation is the largest gas and oil company in India, also Indias largest oil company and the most profitable, state-owned company, followed by Natural Gas and Oil Corporation.

Refining,
Pipeline transportation & marketing,
Exploration & production of crude oil & gas,
Petrochemicals,

Indian Oil Corporation has global aspirations, subsidiaries in the USA, Sweden, Mauritius, Sri Lanka, the UAE, and The Netherlands.

Market Share: 32%
Market Cap: 76,725 Cr.
Dividend Yield: 11.35 %
ROE: 15.36 %
Sales Growth (3Yrs): 15.14 %
Promoter holding: 51.50 %
Debt to equity: 0.78
Price to book value: 0.68

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2. Reliance Jamnagar Petroleum Refinery

Reliance Petroleum Refinery is based in Ahmedabad, and the Jamnagar Refinery, which is the largest refinery in the world and is owned by Reliance Industries Limited.

Reliance Industries Limited (RIL) is an Indian conglomerate holding company, and its headquarters is located in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in petrochemicals, textiles, retail, energy, natural resources, and telecommunications.

The Jamnagar manufacturing division of Reliance is the world’s largest refining hub With a processing capacity of crude is 1.24 million Barrels Per Stream Day (BPSD).

The entire refining complex was built in a record time at globally competitive capital costs – in fact, at costs much lower than comparable refineries around the world.

Market Share: 27%

Reliance Jamnagar Petroleum Refinery is one of the divination of reliance Industry which is owned by the Mukesh Ambani.

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3. Bharat Petroleum Corporation Ltd

Bharat Petroleum Corporation Ltd is an Indian state-controlled oil and gas company, and it is India’s second-largest gas and oil company and also one of the world’s biggest corporations, headquartered in Mumbai.

Bharat Petroleum Corporation Ltd operates the refineries in India at Kochi Refineries, Numaligarh Refinery, Mumbai Refinery and is owned by the Government of India.

Bharat Petroleum Corporation Ltd has four refiners who are as follows-

Mumbai Refinery
Kochi Refineries
Bina Refinery
Numaligarh Refinery

The Bharat Petroleum Company has effectively turned-over 40+ Billion Dollars, and it has 15,000+ employees.

The Bharat Petroleum Company has two major refineries situated in Cochin and Mumbai. S. Varadarajan is Managing Director and Chairman of the Bharat Petroleum. It is also another undertaking of the Government of India.

Market Share: 15%
Market Cap: 76,021 Cr.
Current Price: 350.45
Dividend Yield: 5.42 %
ROCE: 18.47 %
Promoter holding: 52.98 %
Debt to equity: 1.13
Price to book value: 1.88

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4. Hindustan Petroleum Corporation Ltd

HPCL (Hindustan Petroleum Corporation Limited) was founded in the year 1974 and Its headquartered located in Mumbai, Maharashtra.

HPCL product range is natural gas, oil, natural gas, lubricant, petroleum, petrochemical, etc. HPCL’s business turnover of 8 Million Dollars and it has more than 18000 employees.

The government of India owns 51.11% in HPCL, and it was listed in the Fortune Global 500 list of the world’s biggest corporations in 2016.

M.K. Suvarna is managing director and Chairman of the Hindustan Petroleum Corporation Limited.

Market Share: 11%
Market Cap: 30,690 Cr.
ROE: 23.89 %
Sales Growth (3Yrs): 15.69 %
Promoter holding: 51.11 %
Debt to equity: 0.94
Price to book value: 1.02

HPCL collaborates with M/s Mittal Energy Investments Pvt. Ltd. is operating an 11.3 MMTPA capacity Refinery at Bathinda with 48.99% equity and also holds equity of about 16.95% in the 15 MMTPA Mangalore Refinery and Petrochemicals Ltd. (MRPL).

HPCL operates 2 major refineries for producing a wide variety of petroleum fuels & specialties, one is Visakhapatnam (East Coast) of 8.3 capacity MMTPA and Mumbai (West Coast) of 7.5 MMTPA capacity.

HPCL also operates and owns the largest Lube Refinery in the country, producing Lube Base Oils of international standards, with a capacity of 428 TMT. This Lube Refinery accounts for over 40% of India’s total Lube Base Oil production.

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5. Nayara Energy Ltd

Essar Oil Limited is also known as Nayara Energy Ltd, which operates a major refinery in Vadinar. Nayara Energy was founded in the year 1989 and Its headquartered in Mumbai, Maharashtra.

The Chairman of Nayara Energy Ltd is Ravi Ruia, and Lalit K Gupta is the Managing director and the CEO.

Nayara Energy Ltd is the second largest non-state refinery in all over India. Nayara Energy Ltd is owned by a Russian oil company, Rosneft 49% stack.

The company is engaged in the production and exploration of natural gas and oil, purifying of crude oil, refining, advertising of petroleum products, and marketing of oil and oil-related products.

Market Share: 8%

Nayara Energy Ltd has a turnover of 9 Billion Dollar and more than 75000 employees those provide great services to its clients.

Nayara Energy has an annual capacity of 20 million metric tonnes (MMT) or 405,000 barrels per day (BPD).

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6. Oil & Natural Gas Corporation Ltd

Oil & Natural Gas Corporation Ltd was founded in the year 14 August 1956. headquartered is located in Dehradun Uttarakhand, India.

ONGC product range includes natural gas, petroleum, and petrochemicals. ONGC is owned by the Government of India. ONGC is the top oil and gas exploration and production company in India.

Maharatna ONGC is the largest natural gas and crude oil company in India, It contributes around 75 percent to Indian domestic production.

ONGC records a large turns-over over 6.50 Billion Dollars a year. ONGC has more than 33000+ employees, and It is one of the biggest names in the gas and oil sector of the country. It is one of the largest among all the governments undertaking in the oil and natural gas sector.

Crude oil is a raw material used by companies like HPCL, IOC, and BPCL (a subsidiary of ONGC) to produce petroleum products like Naphtha, Diesel, Petrol, Kerosene, and Cooking Gas-LPG.

Market Share of Refineries

FAQ

Largest Oil Refinery in World

The Jamnagar Refinery Complex located in the Jamnagar Special Economic Zone (SEZ) is by far the largest oil refinery in on Earth and the de facto petroleum hub of the world.

Top 10 Largest Refinery in the World

Saudi Arabian Oil Co.
ExxonMobil Refining & Supply Co.
ExxonMobil Refining & Supply Co.
Marathon Petroleum Co.
Marathon Petroleum Co.
Motiva Enterprises LLC Port Arthur Refinery.
Kuwait Integrated Petroleum Industries Co. Al-Zour Refinery.
Reliance Petroleum Ltd. Jamnagar Refinery.

How Many Refineries Are in Usa?

As of January 1, 2023, there were 129 operable petroleum refineries in the United States.

Largest Oil Refinery in India

Located in India, the Reliance Industries-owned Jamnagar Refinery is the largest oil refinery in the world. As of April 2023, the Jamnagar Refinery held a capacity of 1.24 million barrels per day, topping refineries, such as the SK Energy Co.

Oldest Refinery in World

Digboi Refinery is the oldest operating refinery in the World.

How Many Oil Refineries Are There in India?

There are total 23 refineries in the country, 18 in the Public Sector, 2 in the Joint Venture and 3 in the Private Sector well spread geographically and connected with cross country pipelines.

Who Has the Most Untapped Oil in the World?

Move over, Saudi Arabia and Russia. America now has more untapped oil than any other country on the planet.

Where Is the Biggest Oil Refinery in India?

The Jamnagar refinery is a private-sector crude oil refinery in Jamnagar, Gujarat, India. Reliance Industries owns it. It commissioned in July 1999 with a capacity of 668,000 barrels per day. The refinery now has a capability of 1,240,000 barrels per day, making it the largest refinery in the world.

Oil Refinery in Gujarat

is situated at Jawahar Nagar, nearly 10 km North of Vadodara. Gujarat Refinery is the anchoring industry of Vadodara and is catering to the increasing energy demand due to the fast-paced development and economic prosperity of the vibrant state of Gujarat over the course of five decades.

World Largest Oil Refinery Country

The United States has the most oil refineries. It currently has around 130 operational facilities across the country, producing 18 million barrels daily. Close behind the United States is China, with a capacity of 17 million barrels per day recorded in 2021.

Top 10 Largest Refinery in the World 2023

Saudi Arabian Oil Co.
ExxonMobil Refining & Supply Co.
ExxonMobil Refining & Supply Co.
Marathon Petroleum Co.
Marathon Petroleum Co.
Motiva Enterprises LLC Port Arthur Refinery.
Kuwait Integrated Petroleum Industries Co. Al-Zour Refinery.
Reliance Petroleum Ltd. Jamnagar Refinery.

Largest Oil Refinery in the World 2023

Located in India, the Reliance Industries-owned is the largest oil refinery in the world. As of April 2023, the Jamnagar Refinery held a capacity of 1.24 million barrels per day, topping refineries, such as the SK Energy Co. refinery in Ulsan, South Korea and the Paraguana Refinery Complex.

How Many Refinery in India?

There are total 23 refineries in the country, 18 in the Public Sector, 2 in the Joint Venture and 3 in the Private Sector well spread geographically and connected with cross country pipelines.

Largest Refinery in Africa

The $19 billion facility built by Aliko Dangote, Africa’s wealthiest man, in Nigeria’s economic hub of Lagos is one of the world’s biggest oil refineries and has a capacity of 650,000 barrels per day.

How Many Oil Refineries in India?

Indian Oil group owns and operates 11 of India’s 23 refineries – ranging from the oldest one in the country at Digboi (capacity – 0.65 MMTPA) which commenced operations in 1901, to the latest at Paradip (capacity – 15 MMTPA) which was dedicated to the nation in 2016.