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Oil & Gas
IBEF: January 15, 2009
 

Total production of crude oil during 2007-08 is 34.12 MMT. Total production of natural gas in 2007-08 is 32.3 BCM. There are 19 refineries: 17 in public sector and 2 in private sector. Capacity had grown from 62 MMT in April 1998 to 149 MMT in January 2007. Refining capacity is expected to reach 235 MMT by April 2012.

India still largely remains dependant upon coal and oil. The growth in energy consumption is projected to catapult the overall demand to 196 MMT in 2011-12 and 250 MMT in 2024-25. According to the estimates by the Integrated Energy Policy Report, Planning Commission of India, 2006, the total energy requirement (including oil, gas, coal, nuclear and hydro energy sources) in the country by 2032 would be 1,651 million tonnes of oil equivalent (MTOE). Growth in demand is projected to catapult the overall demand to 199 MMT in 2011-12 and 376 MMT in 2024-25.

Sectoral Report (FY 2008-09)
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Sectoral Presentation (FY 2008-09)
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