India’s energy landscape is evolving rapidly due to increasing demand, urbanisation and industrial growth. Over the past year, the sector witnessed significant progress across key segments. The continued implementation of policy reforms by the government […]
By Prashant Vasisht, Senior Vice President and Co-Group Head, ICRA Limited The role of the hydrocarbon sector is vital in maintaining India’s economic growth momentum. Domestic crude oil consumption has increased to 262.5 million metric […]
The country’s refining capacity has increased from a modest 62 million tonnes per annum (mtpa) in 1998 to 247.6 mtpa today, comprising 23 refineries – 18 public sector, three private sector, and two joint ventures […]
India is one the few countries in the world that has a heavy dependence on crude oil imports while also being a significant exporter of refined products. At present, the country imports 80 per cent […]
India has a total refining capacity of 232.07 million tonnes (mt), and in 2015-16, this capacity exceeded demand, which stood at 183.5 mt. […]
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