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Oil Industry
Ejvind Vøgg – Own Man in India

The Indian Oil and Gas Industry
DIBD – OMII

Own Man In India
April 2012

Ejvind Vøgg – Own Man in India

Introduction to the Indian Oil and Gas Industry
• Current market situation • Growth of Indian Oil and Gas industry • Competitive Landscape • Nordic and Danish player • SWOT

Ejvind Vøgg – Own Man in India

Current market situation - OIL
• The Indian Oil and Gas industry plays an important role in the Indian economy with major refineries and gas companies in the country.

• Indian oil and gas sector is majorly controlled by state owned Oil and Natural Gas Corporation (ONGC) which accounts for approx. 60% of India’s crude oil output.
• The Indian Oil industry consumption was around 3.27 mn barrels per day (b/d) in 2011 compared to around 3.15 mn b/d in 2010 and is expected to reach around 4.08 mn b/d by 2016. • Indian refinery industry has around 21 refineries with total oil refinery capacity being around 3.6 mn b/d which is expected to reach around 4.29 mn b/d by 2016. • India imports around 70% of the total oil needed, from countries like Saudi Arabia, Iran, UAE, etc, and has spent around US$ 91,490 million (mn) in 2011 on imports.

Ejvind Vøgg – Own Man in India

Current market situation - GAS
• Indian Natural Gas consumption was around 67.7 billion cubic meter (BCM) during 2011 with an increase of 57% since 2006. • India imports around 23% of the total gas needed from Iran, Pakistan, Afghanistan, Myanmar, Qatar and has spent around US$ 8,405 mn on imports in 2011.

Ejvind Vøgg – Own Man in India

Growth of Indian oil industry
4 3,5 3 2,5 2 Oil production & consumption in mn Oil production in mn b/d 1,5 1 0,5 0 Oil consumption in mn b/d

TIMELINE b/d – Barrels per day

Ejvind Vøgg – Own Man in India

Growth of Indian gas industry
120

100

80

60 Gas production & consumption in mn Gas production in BCM 40 Gas consumption in BCM

20

0

TIMELINE BCM – billion cubic meters
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