India poised to refine for world as global capacity declines: Union Minister Hardeep Puri
Union Minister for Petroleum and Natural Gas Hardeep Puri announced that India's oil refining capacity is expected to increase from 290 million tonnes per annum to 300 million tonnes by 2030. This expansion positions India as a potential global refining hub amid declining refinery capacities in Europe and other Western regions. The move could enhance India's influence in the global oil market.