The Economic Times

UAE, Saudi Arabia keen to invest in Indias refining sector: Hardeep Singh Puri

India aims to boost its refining capacity to 6.2-6.4 million barrels per day. The current capacity stands at approximately 5.4 million barrels per day. According to Hardeep Singh Puri, the cost of building new refineries is significant. UAE and Saudi Arabia show keen interest in these investments. The investments are aimed at accessing India's growing downstream market.