Indian Oil Industry










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Indian Oil Industry INDIAN OIL INDUSTRY AT A GLANCE IN 2015 - 2016 Indian Oil Industry


India will overtake Japan to become the worlds third largest oil consumer behind the US and China by 2025. In June 2015, total crude oil imports were valued at US$ 8.7 billion. Despite being a net importer of crude oil, India has become a net exporter of petroleum products . Backed by new oil fields, domestic oil output is anticipated to grow to 1.0 mbpd in FY16.

The oil and gas industry is among the six core industries in India and plays a major role in shaping the Indian economy. The Indian oil and gas industry was worth US$ 139.8 billion in 2015. Indias economic growth is related to energy demand; hence the Indian oil industry is one of the pivots of the country. The government has allowed 100 per cent Foreign Direct Investment (FDI) in the oil sector. Backed by new oil fields, the Indian domestic oil output is anticipated to grow to 1 MBPD by FY16. Gas consumption is likely to expand at a Compound Annual Growth Rate (CAGR) of 21 per cent during FY0817.


Indian oil and gas industry in 2015-2016
India is the fifth-largest Liquefied Natural Gas (LNG) importer after Japan, South Korea, the United Kingdom and Spain and accounts for 5.5 percent of the total global trade.The LNG imports had increased by 24 per cent year-on-year in January 2016 to1.98 Billion Cubic Metres (BCM). Domestic LNG demand is expected to grow at a CAGR of 16.89 per cent to 306.54 Million Metric Standard Cubic Meter per Day (MMSCMD) by 2021 from 64 MMSCMD in 2015.

The country's gas production is expected to touch 90 Billion Cubic Metres (BCM) in 2040 from 35 BCM in 2013. Gas pipeline infrastructure in the country stood at 15,808 km in December 2015. The State-owned Oil and Natural Gas Corporation (ONGC) accounts for approximately 68 per cent of the countrys total oil output (FY14).

Indian Oil Corporation Limited (IOCL) operates 11,214 km network of crude, gas and product pipelines, with a capacity of 1.6 MBPD of oil and 10 MMSCMD of gas. This is around 30 per cent of the nations total pipeline network. IOCL is the largest company, operating 10 out of 22 Indian refineries, with a combined capacity of 1.3 MBPD.

According to data released by the Department of Industrial Policy and Promotion (DIPP), the petroleum and natural gas sector attracted FDI worth US$ 6.64 billion between April 2000 and December 2015. By 2015-16, Indias demand for gas touched 124 MTPA against a domestic supply of 33 MTPA and higher imports of 47.2 MTPA, leaving a shortage of 44 MTPA.

Indian Oil Industry  INDIAN OIL INDUSTRY AT A Glance IN 2014 - 2015

Indian Oil Industry  INDIAN OIL INDUSTRY AT A Glance IN 2013 - 2014

Indian Oil Industry  INDIAN OIL INDUSTRY AT A Glance IN 2012 - 2013

Indian Oil Industry  INDIAN OIL INDUSTRY AT A Glance IN 2011 - 2012

Indian Industry  back to oil INDUSTRies