India is the largest exporter of petroleum products in Asia, and the 2nd largest refiner in the region.

3rd

largest consumer of oil in the world.

4th

largest importer of LNG in the world.

US$ 118 bn

project investments by 2024

15%

share of natural gas in the energy mix by 2030

100%

FDI (automatic route) in O&G exploration.

28trn tonnes

of oil and gas deposit, 60% of which is yet to be harnessed.

16,770 km

natural gas pipeline network is spread across India and steadily growing.

20%

ethanol blending in petrol by 2025

249mn tonnes

of current annual refining capacity from 23 refineries, including 18 state-run.

10.4%

Electricity Consumption Growth (Apr-Feb 2023)

12

Biofuel refineries are planned to be opened with an investment of US$1.5bn.

Oil Industry Development Board

0120-2594602

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The Oil Industry Development Board is functioning under the administrative control of Ministry of Petroleum & Natural Gas.

Oil and Natural Gas Corporation

011-26752021

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ONGC is the largest crude oil and natural gas company in India, contributing around 70 per cent to Indian domestic production.

Petroleum Conservation Research Association

91-11-26198856

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It helps the government in proposing policies and strategies for petroleum conservation, aimed at reducing excessive dependence of the country on oil requirement.

Directorate General of Hydrocarbons

91-120-2472001, 91-120-2472004

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A nodal agency for implementation of NELP and CBM policy on behalf of Ministry of Petroleum & Natural Gas.

Petroleum Planning & Analysis Cell

011-24306191/92, 011-24361314

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The agency provides information on production, consumption, import/export, prices, subsidy and marketing infrastructure of the country's oil and gas sector.

Investment Opportunities

  • Monetisation of 67 discovered small fields through international competitive bidding.
  • Infrastructure to connect 326 cities with city gas distribution network (CGD) by 2022.
  • Construction of another 15,000 km of gas pipeline network to bolster national gas grid.
  • Increase in India's refining capacity to reach 260m tonnes per annum by 2019-20.
  • Investment in export-oriented infrastructure, including product pipelines and export terminals.
  • Opportunities for foreign Investments and technology partnerships in the Upstream Sector.

Key Investors

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments

ENABLING ENVIRONMENT

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments

News

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July 2, 2024

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ONGC, NGEL partner to develop offshore wind projects

February 8, 2024

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Events