Dependence on imported crude increased to 75.8 per cent
New Delhi, Mar 12 : In the wake of the demand for petroleum products growing at five per cent every year, India's dependence on imported crude has touched the level of 75.8 per cent in 2011-12, the Rajya Sabha was informed today.
Concerned over the energy security, the government had
initiated measures that included increasing of the crude oil production and acquiring oil and gas assets abroad by the PSUs.
Minister of State for Petroleum and Natural Gas Panabaka Lakshmi in a written reply said the government was also carving out more areas for exploration for offer under new rounds of New Exploration Policy (NELP)/open area licensing policy (OALP) besides implementation of latest technologies such as horiziontal well drilling and exploring alternate fuel sources like coal bed methane, shale gas /oil and gas hydrates.
She said the government was also planning setting up trans-national pipeline Turkenistan - Afghanistan - Pakistan- India (TAPI) pipeline for hassle-free fuel transporation from Central Asia.