India's oil demand is growing by 5 percent annually - PM Modi

India's oil demand is rising 5 percent annually and is expected to double by 2040, Prime Minister Modi said on Monday, according to Reuters. 

Key quotes (Source: Reuters)

Need responsible oil prices that balance the needs of buyers and producers.

India on its way to achieving COP 21 target.     

India to add 200 million T of refining capacity by 2030.

Gas pipelines of 11,000 KM under construction. 

BP, Shell, Exxon Mobile are looking to raise investment in India. 

Converting buyer-seller oil relations into strategic partnerships.