Indian refner Numaligarh's proposal to expand its refnery capacity poses an upside risk to our 10-year forecast for India's crude oil refn- ing capacity. At the same time, the frm has tabled the construction of a pipeline to Moreh in its hydrocarbon vision for Northeast India document to the government. This pipeline, which will facilitate exports of refned fuels to Myanmar, is part of a broader push by the governments of both countries to increase economic co-operation.
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