India to account for one third of oil and gas project starts in APAC
DUBAI, 1 days ago India is likely to witness an operational commencement of 647 oil and gas projects during 2021 to 2025, accounting for 33% of the total upcoming project starts across the value chain in the Asia-Pacific (APAC) region. GlobalData’s report, ‘Asia Pacific Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that out of 647 projects to commence operations by 2025, upstream projects would be 80, midstream would be at 123, refinery at 85, and petrochemicals would be the highest with 359 projects.
India to see 647 oil, gas project start-ups in 2021-25: GlobalData
Apr 1, 2021 9:45:am
Summary GlobalData estimates that India would account for a third of the total upcoming project start-ups across the value chain in the Asia-Pacific region.
by: Shardul Sharma
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India to see 647 oil, gas project start-ups in 2021-25: GlobalData
India is likely to see the start of 647 oil and gas projects during 2021 to 2025, accounting for a third of the overall project launches across the value chain in the Asia-Pacific (Apac) region within the period, analytics firm GlobalData said on April 1.
According to a GlobalData report, 80 of the projects will be in the upstream sector, 123 in the midstream, 85 in refining and 359 in petrochemicals.