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India’s Growing Oil Industry Is Garnering International Attention

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India is expecting big investments in its oil and gas sector this year, with international oil majors such as Chevron, Exxon, and TotalEnergies showing interest. This follows the diversification of its oil imports in 2022, which helped India to boost its low-cost crude supplies to be refined across the country. Its significant refining capacity is already attracting interest for its petroproducts, and foreign oil companies investing in India’s oil sector may have the benefit of access to both new crude supplies and widescale local refining…

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