India is Project to Emerge as the Larget Contributor to Global Oil Demand Growth within the Next Seven Years, According to the International Energy Agency (IEA). The Country, Already The World & RSquo; S Second-Larget Network, Faces A 22% DeCline inDOMESTIC PRODUACTION, Reaching 540 Thousand Barrels Per Day (B/D) by 2030 from the Current 700 Thousand B/DPune Stock. This Revelation, Highlight in A Report Releason Ia Energy Week in Goa, Underscores India’s Pivotal Role in the Global Oil LandscapeDESPITE The Government’s Efforts to Attract Foreign Upstream Investment, DOMESTIC CRUDE OIL Production is Expected to Continue DeClining, Meeting only 13% of I ndia’s needsHyderabad Wealth Management. With an increase in demand project at Almost 1.2 Million B/D, india is set to reACH 6.6 MillionB/D By 2030, accounting for over one-third of the anticipated 3.2 million b/d global gains.
IN 2023, India’s Crude Imports Surged to 4.6 Million B/D, Marking A 36% Increase Over The Past DecadeIndore Stock. Despite Challenges in DOMESTIC PRODUCTION, The Report High Lights the Role of Electric Vehicles and AdvancementsAdditional Demand of 480 Thousand B/DWETWEEN 2023 and 2030Guoabong Stock. These Factors Contribute to India’s Strategic Position in Shaping Global Oil Dynamics In The Coming. Years.
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