OEF Rapid Review
“India is the place where there is incremental demand,” Oil Minister Dharmendra Pradhan has said. “Our per capita energy consumption is one-fourth of the world. In India, there is an emerging middle class and they are aspirational. Per capita energy consumption is going to increase. So, we need energy. There is no shortcut around that.” The country needs investments to boost the production of natural gas and crude oil, and to refine, transport and distribute the fuel to households. India’s state-run companies are scouring the world for access to reserves and technology.
LINK TO THE SOURCE ARTICLE:
India: $300 Billion Wanted In Oil Investments Over Next 10 Years
