Indian Oil Industry


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

India's domestic oil output is anticipated to grow to 1 MBPD by FY16. India's consumption of oil and gas is up more than 160 per cent since 1995. Gas consumption is likely to expand at a CAGR of 21 per cent during FY08-17.Domestic production accounts for more than three-quarters of the country's total gas consumption.The country is the fifth-largest LNG importer, accounting for 5.5 per cent of global imports.

India's LNG imports are forecasted to increase at a CAGR of 33 per cent during 2012-17.State-owned ONGC dominates scene accounting for approximately 60 per cent of the country's total oil output (FY14). IOCL operates 11,214 km network of crude, gas and product pipelines, with a capacity of 1.6 MBPD of oil and 10 million metric standard cubic metre per day (MMSCMD) of gas.

Indian oil and gas industry in 2014-2015
This is around 30 per cent of the nation's total pipeline network. IOCL is the largest company, operating 10 out of 22 Indian refineries.According to data released by the Department of Industrial Policy and Promotion (DIPP), the petroleum and natural gas sector attracted foreign direct investment (FDI) worth US$ 6,519.53 million between April 2000 and January 2015.India is the fourth-largest energy consumer in the world.

Oil and gas account for 37 per cent of total energy consumption. Oil consumption is estimated to reach four million barrels per day (MBPD) by FY16, expanding at a compound annual growth rate (CAGR) of 3.2 per cent during FY08-16.crude oil production in FY14 stood at 37.9 million metric tonnes (MMT). ONGC accounted for 59 per cent of total crude oil production in India. Total gas production was 35.4 billion cubic metres (BCM) in FY14.

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

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