Savita Oil Technologies Ltd. - InvestmentGuruIndia

ising by 5.8 per cent and further to 1.44 million b/d in 2012, increasing by 5.5 per
cent.
Demand for petrol is expected to expand by 7.6 per cent (363,000 b/d) in 2011 and
eventually by 6.7 per cent (388,000 b/d) in 2012. For FY12, the ministry of petroleum
anticipates a growth of 4.6 per cent in the sale of oil products.
Gas
Global consultancy firm McKinsey anticipates that natural gas demand in India is
expected to increase from current 166 million standard cubic meters per day to 320
million standard cubic meters per day by 2015.
Moreover, BMI’s report for Q3 2011 states that India’s share (in the Asian pacific
region) of gas consumption in 2010 was an estimated 10.9 per cent, while its share of
production is estimated at 11.1 per cent. BMI expects that the country’s share of gas
consumption would reach to 11.7 per cent by 2015 while that of supply would stand
at 13.1 per cent.
Gas consumption is expected to increase from an estimated 55 billion cubic metres
(BCM) in 2010 to 76 BCM in 2015, while domestic production is anticipated to
increase from around 45 BCM in 2010 to at least 73 BCM in 2015.
Oil & Gas - Key Developments and Investments
Indian oil companies are present in around 20 countries worldwide. According to the
Petroleum Ministry, India's public sector enterprises have invested around Rs 64,832
crore (US$ 14.5 billion) for acquiring oil and natural gas exploration and production
assets abroad.
In a deal entailing largest ever foreign direct investment (FDI) in India, Reliance
Industries Limited has sold 30 per cent stake in its 21 oil & gas blocks, including the
showcase Andhra offshore gas field, to BP (formerly British Petroleum) for over US$ 7
billion.
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