Addressing the investors in Abu Dhabi today at the roadshow organized by the Directorate General of Hydrocarbons (DGH) to promote India as a favorable investment destination in the oil and gas sector, Union Minister Dharmendra Pradhan said, India is among the top 10 FDI destinations in the world.
He also said that India presently being the 3rd largest energy consumer in the world is poised to drive the global energy demand in the coming decades. The Minister said the oil and gas industry will continue to play a crucial role in meeting India’s energy requirement despite system-wide energy transition measures.
He also added that oil demand is projected to rise at the fastest pace in the world and is expected to reach 10 million barrels per day by 2030.