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INCO - China India Set To Compete In Crude Refining Sector
Columbia India Consumer
China and India find themselves in some sort of a mini-race in the crude refining business.
China, though, is paces ahead of India. If all goes to plan, China could soon dethrone the present No. 1 refiner, the United States.
For the last couple of years, India has made no bones of building its domestic refining capacity. The country has added some well-known international petroleum companies to its client list.