Essar Oil’s Vadinar refinery in Gujarat
India sees crucial role for oil as it eyes investment
Director general of Fipi oil and gas industry body optimistic on E&P success and foresees a doubling of refining capacity over next ten years
The Federation of Indian Petroleum Industry (Fipi) represents India’s oil and gas companies—including the state-owned giants that dominate the sector—in talks with the government and regulators. Fipi director general Gurmeet Singh spoke to Petroleum Economist about the outlook for India’s upstream and downstream. Gurmeet Singh, Fipi director general How do you see India’s upstream industry progressing? Singh: India's upstream is expected to develop in the coming years, as the country seeks to reduce its dependence on imports and increase its domestic production of oil and gas. India's upstream sector is primarily focused on meeting do
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
