Petroleum refineries are not necessarily located nearer to crude oil producing areas,

Secondary sector

Petroleum refineries are not necessarily located nearer to crude oil producing areas, particularly in many of the developing countries. Explain its implications.

Original exam: 15 marks

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Refinery Sector and India's Transition from Fossils to Net Zero

At The Hindu Sustainability Summit panel discussion titled Fossils to Net Zero: Transforming India’s Refinery and Energy Landscape, industry experts deliberated on the critical imperative for the domestic refining sector to simultaneously ensure national energy security and accelerate decarbonisation. The deliberations focused on navigating intensifying geopolitical disruptions affecting crude oil imports, integrating large-scale renewable energy into heavy industrial processes, and operationalising market-based regulatory mechanisms such as the Carbon Credit Trading Scheme to drive green compliance without undermining economic competitiveness.

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