India is about to become the world's oil refining center India's diesel exports will increase from 2027 due to the expansion of refining capacity. The country's refineries plan to increase diesel production capacity by 16.5 million tons per year by 2027. India aims to become a global oil refining hub with a capacity of 400 million tonnes per year by 2030, according to BloombergNEF. "We will be in a favorable position because we need oil not only for ourselves, but for the whole world," Petroleum Minister Hardeep Singh Puri said. This year, India became the second largest exporter of diesel by sea, behind only the United States, according to Kepler. Indian Oil Corp is looking to expand the capacity of its largest refinery by about 18 million tons a year to produce about 8 million tons of diesel fuel a year. Hindustan Petroleum Corp is launching a new 9 million tonne-a-year refinery in the western state of Rajasthan next year, which will produce 3 million tonnes of diesel a year once the plant is stabilized. Bharat Petroleum plans to produce 1.5 million tonnes more diesel per year starting next year. India Oil's Numaligra refinery, located in the eastern region, will expand capacity to 9 million tonnes per year in March next year and increase diesel production by 3 million tonnes per year. The main question is to get raw materials. If there is a major gulf war, India's main supplier will be Russia.

India is about to become the world's oil refining center India's diesel exports will increase from 2027 due to the expansion of refining capacity. The country's refineries plan to increase diesel production capacity by 16.5 million tons per year by 2027. India aims to become a global oil refining hub with a capacity of 400 million tonnes per year by 2030, according to BloombergNEF. "We will be in a favorable position because we need oil not only for ourselves, but for the whole world," Petroleum Minister Hardeep Singh Puri said. This year, India became the second largest exporter of diesel by sea, behind only the United States, according to Kepler. Indian Oil Corp is looking to expand the capacity of its largest refinery by about 18 million tons a year to produce about 8 million tons of diesel fuel a year. Hindustan Petroleum Corp is launching a new 9 million tonne-a-year refinery in the western state of Rajasthan next year, which will produce 3 million tonnes of diesel a year once the plant is stabilized. Bharat Petroleum plans to produce 1.5 million tonnes more diesel per year starting next year. India Oil's Numaligra refinery, located in the eastern region, will expand capacity to 9 million tonnes per year in March next year and increase diesel production by 3 million tonnes per year. The main question is to get raw materials. If there is a major gulf war, India's main supplier will be Russia.