India is The 2nd Largest Refiner in Asia
India is the 3rd largest energy and oil consumer in the world after China and the US. Oil and gas occupled approximately 35% share In Indias energy consumption. India is the fourth largest importer of liquefied natural gas (LNG) after Japan, South Korea, and China, accounting for 7.4% of the total global trade.
Import of crude oil during April-November 2017 stood at 144.7 MMT valued at approximately $51.1bn, marking an inreaseof 9.31% in
quantity terms and 15.3% in value terms compared o the same period of last year. While imports of petroleum products during April November 2017 were 23.76 MMT valued at ‘approximately $ 7.9 bn, which shows a decrease of 4.91% In quantity terms but an increase of 21% In value terms compared to the corresponding period of previous year.
A public-private partnership (PPP) is a project delivery model whereby private entities undertake large-scale engineering and construction projects, often on works with defined objectives and criteria under the supervision of a government agency for mutual benefit.
BOOT (build, own, operate, transfer) is a project that transfers the risk and responsibility for the design, construction and operation of a large public infrastructure to private developers.