PM Modi meets global oil executives, urges to boost local production

Modi listed the upstream oil and gas reforms undertaken in the last seven years

India wants to increase domestic oil and gas production after it has undertaken reforms in the sector to attract investment. This comes at a time when the country's crude oil import bill has zoomed over 3x, compared with 2020-21 when oil prices breached $85 per barrel.

Prime Minister Narendra Modi on Wednesday met around 30 senior executives from global oil majors and urged them to boost India's local production.

An official statement said the interaction was attended by industry leaders, including Igor Ivanovich Sechin, chairman and chief executive officer (CEO), Rosneft, Amin H Nasser, president and CEO, Saudi Aramco, Bernard Looney, CEO,