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    Home > Chemicals Industry > Chemical Technology > India's oil demand will climb to 500 million mt/year by 2040

    India's oil demand will climb to 500 million mt/year by 2040

    • Last Update: 2022-11-26
    • Source: Internet
    • Author: User
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    According to Reuters Singapore on September 25, Indian Oil Corporation executive director Partha Ghosh said on Tuesday that India's crude oil demand is expected to grow to 500 million tons per year by 2040, but the continued rise in oil prices may hinder India's economic growth
    .

    This equates to about 10 million barrels per day, up from about 4.
    7 million barrels per day
    in 2017.

    Global oil demand will increase by 15.
    8 million bpd
    between now and 2040, Ghosh said at the Asia-Pacific Petroleum Conference (APPEC) in Singapore.
    India's oil growth rate of 5.
    9 million b/d will account for 24 percent
    of total earnings, he said.

    Ghosh said India's refining capacity will increase to about 439 million tonnes per annum by FY2030 as new and existing refineries continue to strengthen infrastructure, while domestic demand is expected to increase to 356 million tonnes
    per annum over the same period.

    According to Reuters Singapore on September 25, Indian Oil Corporation executive director Partha Ghosh said on Tuesday that India's crude oil demand is expected to grow to 500 million tons per year by 2040, but the continued rise in oil prices may hinder India's economic growth
    .

    petroleum

    This equates to about 10 million barrels per day, up from about 4.
    7 million barrels per day
    in 2017.

    Global oil demand will increase by 15.
    8 million bpd
    between now and 2040, Ghosh said at the Asia-Pacific Petroleum Conference (APPEC) in Singapore.
    India's oil growth rate of 5.
    9 million b/d will account for 24 percent
    of total earnings, he said.

    Ghosh said India's refining capacity will increase to about 439 million tonnes per annum by FY2030 as new and existing refineries continue to strengthen infrastructure, while domestic demand is expected to increase to 356 million tonnes
    per annum over the same period.

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