News August 6, India, vice minister of Ministry of Oil said Thursday Jitin Prasada, India is expected to import crude oil dependence in the April 1, 2014 fiscal year starting from the closing of the March 31, 2009 the previous financial increased to 77% of the annual total demand of about 80%.
Jitin Prasada letter to the House of Representatives of the legislators said that India's recent financial year, net imports of crude oil increased by more than 6 percent last year to 1.0951 million tons or 2.19 million barrels a day. He said that the 4-June last year, the import volume increased by 15% to 2,832 million tons. Government of India will take several measures to reduce the country's import dependence, including the auction more oil and gas exploration block to prevent the decline in output of aging oil fields.
Aug. 8, 2009
