PETROLEUM IN INDIA

WHY IN NEWS?

Russia curbs export of oil.

CRUDE OIL RESERVES IN INDIA

Estimated reserves stood at around 600 Million Metric Tonnes

The largest reserves are found in the Western Offshore (37%) and Assam (27%)

ONSHORE

Assam and Brahmaputra valley: Digboi, Naharkatiya

Gujarat: Ankaleshwar, Khambat,Kalol

Rajasthan: Barmer basin

Tamil Nadu: Kaveri Basin

Andhra Pradesh: Krishna Godavari Basin

OFFSHORE

Accounts for around 51% of the production.

Western Coast

Mumbai High, Bassien, Adilabet

Eastern Coast

Mahandi, Krishna Godavari and Kaveri basin

Rawa field in Krishna Godavari basi

Top crude oil production Rajasthan (23%)

CRUDE OIL CONSUMPTION

1.USA 

2.China

3.India (5%)

CRUDE OIL PRODUCTION

1.US

2.Saudi Arabia

3.Russia

INDIA’S CRUDE OIL IMPORTS 2023

India imports 85% of its crude oil to meet its needs, being the 3^rd largest consumer of crude oil

Russia, Iraq, Suadi Arabia, Nigeria are top oil suppliers of India.

INDIA’S CRUDE OIL NEEDS

It is a refining hub of the world.

It is the 4^th largest crude oil refiner in the world after USA, China, Russia

Refining capacity: 250 Million Metric Tonnes Annually.