NEW DELHI: India will likely see an investment of $58 billion in finding and producing oil and gas resources by 2023, oil minister Hardeep Singh Puri said on Friday, adding global energy majors Chevron Corp, ExxonMobil and TotalEnergies are keen to invest.
India, the world's third biggest oil-consuming and importing nation, is looking to raise domestic output to help cut down reliance on costly imports. India imports 85 per cent of its crude oil, which is converted into petrol and diesel, and roughly half of its natural gas is converted to CNG and used in industries.
