The Union Minister for Petroleum and Natural Gas highlighted on Tuesday the unregulated nature of global trade, noting sufficient crude oil supply worldwide. He emphasized alternative sources for oil should any single supply line be disrupted. Speaking at an interactive session, he acknowledged India's rank as fourth globally in refining capacity and its aspirations to achieve the third position.

India imports crude from 40 countries and is making strides in integrating petrochemicals to improve efficiency. The country's crude consumption is projected to hit six million barrels per day soon. The minister noted the revised predictions indicating India's significant share in meeting global demand increases in the coming decades.

Highlighting achievements, the minister lauded India's early

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