Within the newest episode of the EnergOnomics podcast, businessline’s Richa Mishra speaks with Ellen R. Wald, President of Transversal Consulting, on India’s aim to ascertain itself as a worldwide refinery hub.
Drawing parallels with China’s refinery technique, Ellen emphasises the important want for funding, and a buyer base for such ventures.
Regardless of India relying closely on crude oil imports, Ellen means that its financial construction has benefits over China’s state-run mannequin, doubtlessly providing extra revenue for impartial refiners.
India’s closeness to energy-demanding areas like Pakistan, Bangladesh, and Africa, together with the current shift in European oil procurement away from Russia, offers a giant market alternative for Indian refined merchandise.
Diplomacy performs a key function within the power market. Ellen shares cases the place strategic partnerships between governments and companies have led to optimistic outcomes for each side.
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