India’s oil industry plays a pivotal role in the nation’s economy and energy
framework. As one of the largest global consumers of oil, India heavily depends on imports to satisfy its growing energy demands. The sector covers key functions such as exploration, production, refining, and marketing of petroleum products.
In an effort to reduce dependence on imports, India is actively exploring new oil and gas reserves, both onshore and offshore. The government has rolled out policies aimed at attracting foreign investments and fostering technology collaborations to enhance sector capabilities.
Despite its significance, India’s oil industry faces a series of challenges, including fluctuating global oil prices, environmental concerns, and the need for a transition towards cleaner, renewable energy sources. To address these challenges, the government has launched various initiatives to promote energy efficiency, accelerate the adoption of renewable energy, and implement sustainable practices within the sector.
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Managing Director
Managing Director