India’s oil deficit likely to grow
May 29, 2003 02:00 AM
India’s oil deficit is likely to grow within the next years. Today, the gap between supply and demand is 1.58
mm bpd. But this difference is estimated to surge to 3 mm bpd by 2011.
In 2011, demand is projected to be 3.9 mm bpd where the production will only rise to 900’000 mm bpd. India has
oil and gas reserves of 13.2 bn boe.
Source: Neftegaz.RU
