🔆 India’s Petroleum Sector: Growth & Innovation 📍 Key Highlights ✅ Refining Capacity: Increased from 215.06 MMTPA (2014) to 256.816 MMTPA (2024), with 18 PSU refineries, 3 private refineries, and 1 joint venture refinery . ✅ Ethanol Blending:Target: 20% blending by 2025-26. Growth: Increased from 38 crore litres (2013-14) to 707.4 crore liters (2023-24) . ✅ Exploration Expansion: Targeting 1 million sq. km by 2030 . ✅ Policy Reforms:Oilfields (Regulation and Development) Amendment Bill, 2024 introduces a single license system for all hydrocarbons. Passed in Rajya Sabha on December 3, 2024. 📍 Sustainability & Green Energy ✅ Mission Green Hydrogen:Target: 5 MMTPA production by 2030. Economic Impact: ₹8 lakh crore investment & 6 lakh new jobs . ✅ SATAT Initiative: Promotes Compressed Bio-Gas (CBG) by utilizing agricultural residue, cattle dung, and municipal waste, boosting farmer income . 📍 Future Outlook ✅ India is advancing in hydrogen, biofuels, and refining technology, ensuring energy independence and economic growth.