India’s exports of petro products may surpass South Korea
at Tuesday, August 30, 2011
India to be Asia's top exporter of petro products
(Courtesy: DNA, Mumbai, August 27, 2011)
A nation perennially lacking in oil and gas assets is set to become the top petro products exporter in Asia overtaking South Korea, thanks to rapidly rising refining capacity.
Petro products are obtained after distillation of crude oil and include petrol, diesel, kerosene, LPG, furnace oil, aviation turbine fuel and naphtha. As on June 2011, India’s exports of refined products stood at 0.95 million barrels per day, while South Korea was at around 1.1 million barrels.
