Oil India Chairman Ranjit Rath (Source: Oil India Ltd)
Oil India eyes IOC partnerships
Chairman talks up IOC and NOC tie-ups to help substantially boost oil and gas production over the next two years
Oil India Ltd (OIL) is courting IOCs and NOCs to help boost its gas output by 56% and oil production by 18% in the next two years as it wins more blocks and drills deeper to satisfy the surging needs of the world’s third-largest energy consumer, Chairman Ranjit Rath said in an exclusive interview with Petroleum Economist. OIL, the second-largest hydrocarbons producer in the country, plans to hit a production capacity of 5bcm/yr of gas and 4mt/yr of oil in 2027, but it is boosting spending as it dives deeper into onshore fields and starts drilling in deepwater offshore within its ever-expanding domestic acreage, Rath said. “The global oil and gas players are looking at India seriously n
Also in this section
24 March 2026
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
