One of India's eight core sectors, the oil and natural gas sector is open to public as well as private players.
largest consumer of oil in the world.
largest importer of LNG in the world.
US$ 118 bn
project investments by 2024
Indian oil and gas PSUs driving capacity.
FDI (automatic route) in O&G exploration.
Sedimentary basins covering an area of 3.36 Mn sq. km
of oil and gas deposit, 60% of which is yet to be harnessed.
natural gas pipeline network is spread across India and steadily growing.
ethanol blending in petrol by 2025
of current annual refining capacity from 23 refineries, including 18 state-run.
refinery and petrochemicals complex coming up in Maharashtra.
Biofuel refineries are planned to be opened with an investment of US$1.5bn.
The main objective of the policy was to attract significant risk capital from Indian and Foreign companies, state of part technologies, new geological concepts and best management practices to explore oil and gas resources in the country to meet rising demands of oil and gas.
To increase exploration activities, attract domestic and foreign investment in unexplored/unallocated areas of sedimentary basins, and enhance domestic production of oil and gas from existing fields and promote ease of doing business by streamlining and expediting the approval processes.
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments
BP - one of the world's leading integrated oil and gas companies
Cairn Energy - oil and gas exploration and production company
Royal Dutch Shell - diversified international oil company
OILEX – explore, appraise and develop petroleum resources in India
Hardy Oil & Gas - upstream international oil and gas company
Reliance – hydrocarbon production, refining and marketing
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments
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