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Bloomberg

Modi Says India Will Keep Expanding Oil Refining Capacity

Saturday, July 4, 2026


Prime Minister Narendra Modi said India will continue building crude oil refineries to ensure supply chain security. Modi's statement came as some Western nations have shut processing units. India currently operates 23 refineries with a combined capacity of 249.4 million tons per year, according to the Indian Petroleum Ministry.

Original reporting: https://www.bloomberg.com/news/articles/2026-07-04/modi-says-india-will-continue-to-expand-oil-refining-capacity

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