why does India have to import oil???? give appropriate answer...
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Answered by
1
Answer:
The present refining capacity is adequate to meet the demand of petroleum products in the country in the near future on an overall basis
Explanation:
India produces only 15 % of the needed oil by itself.
Explanation:
India produces only 15% of the needed oil by itself, so we have to import oil. Though data shows that the oil imported by India has surged very steeply over the last two decades, India currently is the third largest buyer of oil in the world (with the thirst of roughly 4 million barrels per day)
hope it helps.......
Answered by
2
Answer:
Because india doesn't have much oil given all the reserves that present in india. india would have about
4.6 to 5 billion barrels of oil which if used for consumption would hardly last 3-4 years.
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