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 Head office: D - 19 (GF ) & 31, South Extension - I, New Delhi - 49 (I ndia) Pho ne: +91-11-2462 2218, 2461975 1 FAX: +91 11 24654 364 Mumbai Chennai Bangalore Hyderabad Kolkata Pune Chandigarh and other cities  Oil and Gas Sector Introduction As one of the six core industries in India, the oil and gas industry has a very significant role to play in the growth of the Indian economy. The petroleum and natural gas sector which includes transportation, refining and marketing of petroleum products and gas constitutes over 15 percent of the country's gross domestic product (GDP). About a decade ago, the petroleum sector was almost completely controlled by national oil companies. Presently, there are many players both in the upstream and downstream sectors. With the significant discoveries of oil and gas in various sites in recent years, India is looking at huge investments in the sector. Growth continues apace, and the Indian oil sector looks vibrant with opportunities. Total production of crude oil during 2009-10 was 33.68 MT. Total production of natural gas has been 47.57 BCM. There are 19 refineries: 17 in public sector and 2 in private sector. The capacity had grown from 62 MMT in April 1998 to 149 MMT in January 2007 and 160.03 MMT in 2009-10. Refining capacity is expected to reach 235 MMT by April 2012. India still largely remains dependant upon coal and oil. The growth in energy consumption is projected to catapult the overall demand to 196 MMT in 2011-12 and 250 MMT in 2024-25. According to the estimates by the Integrated Energy Policy Report, Planning Commission of India, 2006, the total energy requirement (including oil, gas, coal, nuclear and hydro energy sources) in the country by 2032 would be 1,651 million tonnes of oil equivalent (MTOE). Growth in demand is projected to catapult the overall demand to 199 MMT in 2011-12 and 376 MMT in 2024-25.

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