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Time to fill up India’s strategic oil reserves

Abstract:

India’s energy consumption is rising, and it is highly dependent on imported crude oil. According to recent estimates, oil import dependence was 77 per cent in 2012; it is forecast to rise to 81–91 per cent by 2027, and reach 96 per cent by 2047 (‘Least Effort’ Scenario, India Energy Security Scenarios, 2047). In recognition of the risk of interruption to physical supplies, India began working towards a Strategic Petroleum Reserve (SPR) in 2008. The first phase of its oil storage facilitie...

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Publication status:
Published
Peer review status:
Peer reviewed

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Journal:
Oxford Energy Forum
Volume:
99
Issue:
February 2015
Pages:
10-12
ISSN:
0959-7727
Keywords:
UUID:
uuid:5d99813d-7b62-4a55-9b0d-c1b12563de72
Deposit date:
2015-04-27

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