NEW DELHI--December 2, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--India's petroleum refining sector is experiencing substantial growth, owing to a rise in crude oil imports, higher refinery runs after maintenance activities and surging exports of petroleum products. As per recent news, India became the largest exporter of refined fuels to Europe, with exports touching 400,000 barrels per day (BBL/d) in November. The growth can be attributed to the trade policy changes between Europe and Russia due to the Russia-Ukraine war and multiple refinery closures in Europe.
(All Fields Required)