Speaking at the Middle East Petroleum and Gas Conference in
As
The energy expert said that he believed that in addition to firm projects, India would add another 300,000-500,000 b/d of refining capacity in the near future, raising its capacity to 2 million b/d. India would becoming Asia"s largest product exporter in refined products, surpassing Singapore.
Fesharaki also expressed the opinion that the prevailing high oil prices did not reduce global oil demand in totality, but changed the structure of demand. High oil prices, he added, had the result of dampening demand worldwide.
"In Asia,
PIN/DAILYINDIA.COM
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