INE011A01019
Oil & Gas
Industry Analysis
The global oil refining market was valued at approximately USD 1,531.08 billion in 2023 and is projected to grow at a CAGR of 5.20% from 2024 to 2032, reaching USD 2,416.27 billion by 2032. In India, oil demand is expected to double, reaching 11 million barrels per day by 2045. Diesel demand alone is projected to rise to 163 MT by 2029-30, with diesel and gasoline together accounting for 58% of India’s total oil demand by 2045.
(Source: Industry Research Report and Annual Report)
Overview of Nayara Energy
Nayara Energy, a leading downstream and petrochemical company, operates India’s second-largest refinery in Dwarka, Gujarat, with a refining capacity of 20 MMT (405,000 bpd). Recognized as one of the world’s most advanced and complex refineries, it commenced commercial production on May 1, 2008, contributing 8% to India’s refining capacity.
The company manages 58 supply locations and supports over 50,000 forecourt sales personnel. Key milestones include completing a 200 KT coal yard and achieving 98.3% completion of Phase-1 in its petrochemical project. Nayara Energy operates approximately 6,600 fuel outlets, with around 1,600 additional outlets in various stages of development.
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