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Current location:HOME>> News>> Industry News>> India increases oil&gas production to reduce dependence on imports
India increases oil&gas production to reduce dependence on imports
AUTHOR:admin PUBLISHED:2016-11-08 CLICK:正在读取

According to the report of Dow Jones in November 2nd, an Indian senior officer said the government will seek to improve the domestic oil and gas production, thereby reducing the dependence on imports of crude oil.


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The prime minister of India Modi, on Wednesday, held a meeting with the ministers and senior officers to discuss the situation. "The Road Map, which will be discussed at the meeting, is not only to increase domestic oil and gas production, but also to promote bio fuels, renewable energy, energy efficiency and conservation," the official said."


Now India is the third largest energy consumer in the world under China and the United States, and about 3/4 of its oil demand depends on imports. India imported about 4 million barrels of crude oil per day. By the impact of rapid economic growth, India's oil consumption will continue to grow. In the past few months, the India government has introduced a new policy to promote domestic oil and gas exploration.

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