India to Become Global Refining Hub as Capacity Shrinks

India is set to play a larger role in the global oil refining industry as global refining capacity shrinks, according to Union Minister Hardeep Puri. Puri highlighted this trend during a recent address, emphasizing India's potential to become a leading refining hub. The decline in global refining capacity presents an opportunity for India to increase its market share and meet the growing demand for refined petroleum products worldwide.