“Today 75% of oil requirements are imported, which will go up in 5-7 years. Two-third of production is from offshore and now we are going deeper. Per capita consumption of energy is less than half of China and one-tenth of USA. As per our Prime Minister, India will have a double-digit economic growth, which will increase energy consumption by leaps and bounds. Shipping and oil and gas industries will have to work in partnership to meet future challenges,” Mr. S. Hajara Chairman & Managing Director, the Shipping Corporation of India Ltd.”
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