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

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

India plans to rely on fossil fuels until 2040, positioning itself as a refining hub. The country aims to scale up refining capacity by 81% to 450 mtpa and become a regional hub for oil supply. India aims for 500 GW of renewable energy by 2030.

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