Essar Oil’s Vadinar refinery in Gujarat
India sees crucial role for oil as it eyes investment
Director general of Fipi oil and gas industry body optimistic on E&P success and foresees a doubling of refining capacity over next ten years
The Federation of Indian Petroleum Industry (Fipi) represents India’s oil and gas companies—including the state-owned giants that dominate the sector—in talks with the government and regulators. Fipi director general Gurmeet Singh spoke to Petroleum Economist about the outlook for India’s upstream and downstream. Gurmeet Singh, Fipi director general How do you see India’s upstream industry progressing? Singh: India's upstream is expected to develop in the coming years, as the country seeks to reduce its dependence on imports and increase its domestic production of oil and gas. India's upstream sector is primarily focused on meeting do
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
