Trade Analytics
Oil And Gas
India will overtake Japan to become the world’s third largest oil consumer behind the US and China by 2025.

Oil and Gas Companies in India

Latest update: December, 2017

  • Oil consumption has expanded at a CAGR of 3.3 per cent during FY2008–16F to reach 4.0 mbpd by 2016.
  • Due to the expected strong growth in demand, India’s dependency on oil imports is likely to increase further
  • Rapid economic growth is leading to greater outputs, which in turn is increasing the demand of oil for production and transportation
  • With rising income levels, demand for automobile is estimated to increase, in turn leading to augmented demand for oil and gas.

Notes: F- Forecast, CAGR - Compound Annual Growth Rate, mbpd - Million Barrels Per Day
Source: Ministry of oil and Natural Gas, BP Statistical Review 2015 BMI Forecasts, Aranca Research

Growth
  • In FY16, total crude oil imports were valued at US$ 64.4 billion as compared to US$ 112.7 billion in FY15. In FY14, imports accounted for more than 80 per cent of the country’s total oil demand.
  • Backed by new oil fields, domestic oil output is anticipated to grow to 1.0 mbpd by FY16.
  • In March 2017, the Indian Strategic Petroleum Reserve Ltd (ISPRL) and Abu Dhabi National Oil Company (ADNOC) of UAE signed an agreement, to fill up 0.81 MMT or 5,860,000 million barrels of crude oil at ISPRL storage facility at Mangalore, Karnataka.
  • According to the Organisation of the Petroleum Exporting Countries (OPEC), the demand for oil across the world will grow by 1.26 million barrels per day (mb/d). Moreover, majority of the oil demand across the globe is expected to originate from India.

Notes: F - Forecast, mbpd - Million Barrels Per Day
Source: Ministry of Oil and Natural Gas, BMI forecasts, Aranca Research

Growth

 

Bharat Petroleum

Bharat Petroleum Corporation Ltd (BPCL) is a Government of India owned oil and gas company which is headquartered in Mumbai, Maharashtra. BPCL started as Burmah-Shell Refineries Ltd in 1952, which later changed to Bharat Refineries Ltd(BRL) and subsequently to Bharat Petroleum Corporation Ltd. Presently, BPCL operates the following refineries, ...

About Bharat Petroleum>

Hindustan Oil Exploration Company Ltd

Hindustan Oil Exploration Company Ltd (HOEC) was incorporated in 1983 for taking up exploration and production (E&P) activities inter-alia by Late Mr H T Parekh. HOEC was the first private company in India to enter into field of oil and gas exploration. HOEC’s operational activities commenced in 1991 with the Government of India announcing ...

About Hindustan Oil Exploration Company Ltd>

Green Gas Ltd

Pursuant to the directive of Hon’ble Supreme Court of India, GAIL had undertaken a study to supply natural gas to the automobile, industrial, commercial and domestic consumers in the cities of Agra and Lucknow to accomplish improvement of its ambient air quality. Joint Venture (JV) agreement was signed between GAIL (India) Ltd and Indian ...

About Green Gas Ltd>

Indraprastha Gas Ltd (IGL)

Incorporated in 1998, IGL took over Delhi City Gas Distribution Project in 1999 from GAIL (India) Ltd (Formerly Gas Authority of India Ltd). The project was started to lay the network for the distribution of natural gas in the National Capital Territory of Delhi to consumers in the domestic, transport, and commercial sectors. With the backing of...

About Indraprastha Gas Ltd (IGL)>

Essar Oil and Gas

Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail. Essar Oil has a portfolio of onshore and offshore oil & gas blocks with about 1.7 billion barrels of oil equivalent in reserves & resources. Essar Oil owns...

About Essar Oil and Gas>

Gujarat Gas Co Ltd

Incepted in 1980, Gujarat Gas Co Ltd (GGCL) has since evolved to become one of India’s largest players in distribution of natural gas. The company serves the entire range of the retail end of the gas value chain - residential, industrial, commercial and compressed natural gas (CNG). Gujarat Gas has its corporate headquarters in Ahmedabad a...

About Gujarat Gas Co Ltd>

GAIL (India) Ltd

GAIL (India) Ltd was incorporated in August 1984 as a central public sector undertaking (PSU) under the Ministry of Petroleum and Natural Gas (MoP&NG). The company was initially given the responsibility of construction, operation and maintenance of the Hazira-Vijaypur-Jagdishpur (HVJ) pipeline project. It was one of the largest cross-country natura...

About GAIL (India) Ltd>

Petronet LNG Ltd

Petronet LNG Ltd, one of the fastest growing world-class companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 10 million metric tonnes per annum (MMTPA), the Kochi terminal has a cap...

About Petronet LNG Ltd>

Mangalore Refinery and Petrochemicals

Mangalore Refinery and Petrochemicals (MRPL) is a schedule 'A' CPSE and subsidiary of ONGC. MRPL is a state-of-the-art grassroot refinery located in the north of Mangalore city in Dakshin Kannada region. The refinery has a versatile design with high flexibility to process crudes of various API and with high degree of automation. MRPL was origina...

About Mangalore Refinery and Petrochemicals>

GE Oil and Gas India

GE Oil & Gas is a part of the larger GE Energy group which also includes the GE Energy Management and GE Power & Water divisions. GE Oil & Gas is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from exploration and production to downstream. Its services include offshore and land drilling, s...

About GE Oil and Gas India>

Cairn India

Cairn India is one of the largest independent oil and gas exploration and production companies in India with a market capitalisation of around US$ 10 billion. It operates around 30 per cent of India's domestic crude oil production. Through its affiliates, Cairn India has been operating for close to 20 years playing an active role in developing ...

About Cairn India>

OIL INDIA LIMITED

Oil India Private Ltd (OIL) was incorporated in 1959 to expand and develop the newly discovered oil fields of Naharkatiya and Moran in India’s north-east. In 1961, it became a joint venture (JV) company between the Indian government and Burmah Oil Company Ltd, UK. In 1981, OIL became a wholly-owned Government of India enterprise. Today, OIL is a...

About OIL INDIA LIMITED>

HINDUSTAN PETROLEUM

Hindustan Petroleum Corporation Limited (HPCL), a Government of India enterprise, was founded in 1974. The company, which has been conferred the prestigious Navratna status, is also listed among Fortune 500 and Forbes 2000 companies. HPCL had an annual turnover of Rs 190,048 crore (US$ 32.38 billion) and sales/income from operations of Rs 215,675 ...

About HINDUSTAN PETROLEUM>

Indian Oil Corporation Ltd

Established as an oil marketing entity on June 30, 1959, Indian Oil Company Ltd was renamed Indian Oil Corporation Ltd (IOCL) on September 1, 1964, following its merger with Indian Refineries Ltd. The integrated refining and marketing entity has since grown into India’s largest commercial enterprise. It is the country’s number one company in the pr...

About Indian Oil Corporation Ltd>

Reliance Industries

Reliance Industries Limited (RIL) is India’s largest private sector company with businesses in the energy and materials value chain. It is also the first private sector company from India to feature in Fortune Global 500 list of ‘World’s Largest Corporations’ and ‘World’s Top 100 companies’. The group's activities span exploration and production...

About Reliance Industries>

Oil and Natural Gas Corporation Ltd (ONGC)

Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, India. It is a public sector undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is India's largest oil and gas exploration and production company. It ...

About Oil and Natural Gas Corporation Ltd (ONGC)>

Posters

Brand India Pharma

OIL AND GAS COMPANIES IN INDIA

Husk Power System uses novel biomass gratification technology to convert abundant rice husk into combustible gases.

+ More >

Brand India Pharma

IBEF Publications

IBEF Publication

India Now Magazine


Rural India

English

+ More Publications >

IBEF Publication

IBEF Blog - INDIA ADDA – PERSPECTIVES ON INDIA More

author_logo-ibef1.jpg Mid-term review of foreign trade policy: An update
IBEF, Knowledge Centre

The Indian Government announced the mid-term review of Foreign Trade Policy 2015-20 on December 5, 2017. Overall, the policy is expected to make Indian exports more compe...

author_Satish-Kannan1.jpg Internet Proliferation is Making Access to Healthcare Easier
Satish Kannan, Co-founder and CEO, DocsApp

In today's age, it's sometimes easy to forget that the internet is not just for networking and entertainment. It has a purpose and a vast reach; when used correct...

author_logo-ibef1.jpg Auto Expo 2018
IBEF, Knowledge Centre

Held at two separate venues in 2018, the Auto Expo is India’s largest auto gathering. The Auto Expo 2018–Vehicles is scheduled to be held at India Expo Mart, ...

author_Amit_Wadhwani1.jpg 2018 to witness a green revolution in realty and infrastructure
Mr Amit Wadhwani, Director, Sai Estate Consultants

As the Indian real estate and infrastructure sectors look towards a greener future, the investment opportunities are promising and plentiful.In recent years, India has em...

author_logo-ibef1.jpg The Journey From Fragile Five to Favored Investment Destination
IBEF, Knowledge Centre

From being labeled the ‘Fragile Five’(a term coined Morgan Stanley to represent emerging market economies)in 2013 to become one of the most favored investment...

author_logo-ibef1.jpg Current Standing and Growth Potential of India’s Handset Market
IBEF, Knowledge Centre

Smartphones have been taking the world by storm. Look at the mobile phone advertisements and you will know what we are talking about. While earlier mobile phone advertise...

ideas More

Ideas

The Voice of Indian Innovation
Ajit Narayanan, an electrical engineer from Indian Institute of Technology Madras (IIT Madras), is the inventor of Avaz, India's first augmentative and alternative communication device for children with disabilities. It all began when he started working with Vidyasagar, a school for children with special needs, in Chennai.

JOIN IBEF.org

Join IBEF.org now. Enjoy FREE subscriptions downloads, updates and more.

Error

Already a member?
Login / Retrieve Password