To begin with, some facts about the growth of the oil and gas
(O&O) industry in India from the Directorate General of Hydrocar. bons (DGH): by 2045, oil demand in the country to register a 200% growth to reach 11 million barrels; diesel demand is also expected to double by 2030; and by 2024 natural gas consumption is expected to grow by 25 billion cubic meters. Indian refining capacity is also projected to expand by 30% to 6.9-mbpd (million barrels per day) by 2030, compared to a global refining capacity increase of only 3%.
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