CURRENT AFFAIRS

Detailed explanation-1: -The Public Sector Oil Marketing Companies, Indian Oil, Bharat Petroleum and Hindustan Petroleum have signed the joint venture agreement to jointly set up the world’s largest refinery and petrochemical complex in Ratnagiri district of Maharashtra.

Detailed explanation-2: -Jamnagar Refinery 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.

Detailed explanation-3: -State-owned IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) together with Saudi Aramco and Adnoc plan to set up a 60 million tonnes refinery-cum-petrochemical complex on Maharashtra coast.

Detailed explanation-4: -Located in India, the Reliance Industries-owned Jamnagar Refinery is the largest oil refinery in the world. As of 2021, the Jamnagar Refinery held a capacity of 1.24 million barrels per day, topping refineries, such as the SK Energy Co.

Detailed explanation-5: -The United States had the world’s largest oil refinery capacity as of 2021, at nearly 18 million barrels of oil per day. Oil refineries process crude oil into more useful products. Common oil refinery products include diesel fuel, heating oil, and gasoline.