The project was initially proposed in 2015 as a joint effort by India’s public sector refiners, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL), in partnership with Saudi Arabian Oil Company (Aramco) and later joined by Abu Dhabi National Oil Company (ADNOC).
The refinery project in Maharashtra’s Konkan belt (Ratnagiri district) has faced challenges and delays but remains significant for India’s long-term energy strategy.
About the Konkan belt:
It is a coastal plain in western India that extends along the western coasts of Maharashtra, Goa, and Karnataka. The Konkan is a narrow lowland that’s only about 50 km wide. It’s bounded by the Western Ghats mountain range to the east, the Arabian Sea to the west, the Daman Ganga River to the north, and the River Aghanashini to the south.