The Indian oil and energy sector is currently facing significant challenges and changes. It plays a crucial role in India's economy, meeting diverse needs across industries and households. According to Government of India data, India ranks as the world's 3rd largest consumer of energy and oil, and the 4th largest importer of liquefied natural gas (LNG).
ES Ranganathan, a respected figure in the oil and energy sector, highlights these insights: 'India's energy sector is vital but faces persistent challenges such as fluctuating oil prices, inefficiencies in operations, environmental issues, and the urgent need for innovation.' He emphasizes that adopting modern technology can accelerate the energy transition by improving transportation, storage, efficiency, and other critical areas.
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