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Indian Refining Scenario and Global Perspective - petrofed ...

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Wide gaps between product dem<strong>and</strong> <strong>and</strong>indigenous crude availability• Widening gap between product dem<strong>and</strong> <strong>and</strong> crude productionfrom indigenous sources; Heavy dependence on Imports• Bridging the gap - Oil Equity abroad <strong>and</strong> fresh finds under NewExploration & Licensing Policy• Need for huge investments in refining, pipelines & MarketinginfrastructureSource: XIth Plan Document

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