As per the Indian Petroleum and Natural Gas Statistics 2013–14, the total refining capacity of India is estimated to increase to 307.4 MMT in 2016–17. (Source: depositphotos.com)
India's Petrochemical Industry

The Upstream-Downstream Imbalance: Insights in India's Hydrocarbon Economy

An insight into the demand-supply gap within India’s petroleum industry – The Indian petroleum industry comprises of both the upstream sector, which involves oil exploration and production, and the downstream sector, which includes oil refining. However, the industry is marked by an imbalance between the two sectors in respect of the crude oil required by the downstream and that supplied by the upstream.

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