India Emerges as Major Global Swing Supplier of Refined Oil Products
India has positioned itself as a significant swing supplier of refined oil products in global markets. The country operates 23 refineries with a combined installed refining capacity of 258.1 million tonnes. This makes India the fourth-largest refining hub in the world, trailing only the United States, China, and Russia. Oil products now constitute a substantially greater portion of India's exports to multiple international destinations. However, questions remain about whether India can sustain this growing role in global refined oil supply.
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