India plans $100 billion investment in oil exploration by 2030
after close1 source ↓written by the desknot a recommendation
- in domestic geological
- $100 billion
- refining capacity
- 6 million barrels per day
- 2030
- of oil consumption
- 85-88%
India aims to invest $100 billion in domestic geological exploration and increase oil refining capacity to 6 million barrels per day by 2030. This initiative seeks to enhance energy security and reduce reliance on imports, which currently account for 85-88% of oil consumption.
The move is expected to impact the energy sector significantly, potentially boosting domestic oil production and refining capabilities.
Not investment advice. For informational purposes only.