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India shaping up as refining hub, to rely on fossil fuels until 2040, oil minister says

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India, the world's No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri told Reuters on Tuesday. While global refining centers are downsizing as energy transition progresses at an unpredictable pace, India’s rising daily crude utilization ...

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