According to the report, India’s refinery capacity will grow by 2023. The country, over the past decade, has become the world’s second-largest crude oil net importer (4.6 mb/d in 2023), after China (10.6 mb/d) and well ahead of the third, South Korea (2.8 mb/d). India’s combined exports of finished and unfinished products have remained quite stable at around 1.2-1.3 mb/d since 2017.Of the 1.25 mb/d of exports in 2023, the Jamnagar refining complex, which includes a merchant export refinery, accounted for 890 kb/d, Vadinar 130 kb/d, and the new Mangalore refinery 100 kb/d. Middle distillates totaled 730 kb/d, of which diesel was 290 kb/d, gasoil 270 kb/d, and kerosene 175 kb/d. Gasoline and blendstocks averaged 320 kb/d (245 kb/d and 75 kb/d respectively), and naphtha accounted for another 123 kb/d.
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