Who is biggest oil consumer in India?

Rank Country Import value
1 Iraq $19.3 billion
2 Saudi Arabia $18.4 billion
3 Nigeria $9.34 billion
4 United Arab Emirates $7.82 billion

Which sector is the largest consumer of oil and oil products?

In terms of consumption by sector, transportation and power are the two major users of oil, and the share of oil consumption has increased in these two sectors.

Who is the largest supplier of crude oil to India?

Agencies Iraq has been India’s top supplier for the past few years, staying ahead of Saudi Arabia, which has been producing less than its capacity to meet OPEC supply curb commitments. The United States became the fourth-largest supplier of crude oil to India in 2020, according to BP’s latest report.

Who are the world’s top 5 oil consumers?

The Top Ten: Top Oil Consumers

Rank Consumers Total Oil Consumption
1. United States 20
2. China 13.6
3. India 4.3
4. Japan 3.9

How much oil is left in the world?

There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

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Where is most of the world’s oil?

Top ten countries with the largest oil reserves in 2019

  1. Venezuela – 304 billion barrels. …
  2. Saudi Arabia – 298 billion barrels. …
  3. Canada – 170 billion barrels. …
  4. Iran – 156 billion barrels. …
  5. Iraq – 145 billion barrels. …
  6. Russia – 107 billion barrels. …
  7. Kuwait – 102 billion barrels. …
  8. United Arab Emirates – 98 billion barrels.

Which companies use the most oil?

Top ten companies by oil production

  • Largest oil companies by production: ranking the top ten. …
  • 1) Saudi Aramco – 10,963,091bbl/day. …
  • 2) Rosneft – 42,17,780bbl/day. …
  • 3) KPC – 3,412,203bbl/day. …
  • 4) NIOC – 3,256,486bbl/day. …
  • 5) CNPC – 2,981,246bbl/day. …
  • 6) ExxonMobil – 2,294,701bbl/day. …
  • 7) Petrobras – 1,987,950bbl/day.

Who imports oil from India?

Traditionally, Opec+ and Saudi Arabia have been India’s mainstay suppliers, accounting for 86% of Indian oil imports. India’s oil import bill in FY20 and FY19 was $101.4 billion and $111.9 billion, respectively.

Does India deposit oil?

Oil Reserves in India

India holds 4,728,790,000 barrels of proven oil reserves as of 2016, ranking 24th in the world and accounting for about 0.3% of the world’s total oil reserves of 1,650,585,140,000 barrels. India has proven reserves equivalent to 2.9 times its annual consumption.

Which state is largest producer of petroleum in India?

Complete answer: The three largest producers of mineral oil or crude oil in India are Rajasthan (23.7%), Gujarat (12.5%), Assam (12.1%).

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