INSUBCONTINENT EXCLUSIVE:
Globally demand for refined fuels is expected to slow in the next few years
| Photo: Twitter2 min read Last Updated Sep 10 2024 | 9:49 PM IST
India's ONGC Videsh is focused on acquiring stakes in overseas oil and
gas producing assets as the transition to renewable energy is expected to dent demand for conventional fuels in the future, its head of
So exploration is not a priority right now for us except for the projects which are already with us," said Anupam Agarwal at the APPEC
global crude consumption, peaked in 2023 and is forecast to decrease by 1.1 per cent annually between 2023 and 2025, India is looking at
continuing to do exploration in the nearby areas, but otherwise our focus is to acquire producing or near producing assets," Agarwal
are looking at increasing local oil and gas output from existing and new fields including those in challenging or the so called frontier
areas.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is
auto-generated from a syndicated feed.)First Published: Sep 10 2024 | 9:49 PMIST
