India Oil and Gas Upstream Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The market for oil and gas upstream in India is expected to record a CAGR of more than 1% during the forecast period of 2020 – 2025. Factors, such as increasing natural gas production and plans to improve oil production, are expected to increase the growth for the Indian oil and gas market during the forecast period. However, oil production has decreased slightly over the years from 2010 to 2019 due to technological constraints and poor reservoir performances.
Key HighlightsThe India oil and gas upstream market is consolidated. The major players includeOil and Natural Gas Corporation, Reliance Industries Limited, Oil India Limited, Larsen & Toubro Limited, and BP PLC.
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