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