Oil & Gas Industry

The global energy cornerstone, powering industries, transportation, and households worldwide.

Energy Backbone

The Oil & Gas industry involves the exploration, extraction, and refining of petroleum, natural gas, LNG, and other hydrocarbon resources.

Despite the rise of renewables, these resources continue to dominate the global energy mix and play a crucial role in ensuring energy security and industrial productivity across the globe.

Global Market

Market Value (2025) $5.3 Trillion+
Projected (2032) $15 Trillion
Annual CAGR ~16%

Asia-Pacific accounts for over 35% of the global market share.

Indian Market

Market value (2026)

$24.42B

Expected 2031

$31.24B

Global Rank (Cons.) 3rd Largest globally

Operational Refineries 23 Active Units

5.99M

India Barrels/Day (2026)

500+

Major Cos (India)

35%+

APAC Global Share

10K+

Ancillary Players

India: A Refining Hub

India is one of the largest refining hubs in Asia, processing around 5.6 million barrels per day through 23 operational refineries.

Mumbai Gujarat Assam Andhra Pradesh Tamil Nadu Delhi NCR

90%

Crude Imports

Top 5

Global Consumer

Emerging Opportunities

LNG Infra Development

Gas Pipeline Expansion

Petrochemical Manufacturing

Refinery Expansion

Offshore Exploration

Hydrogen Integration

Essential Energy Mix

Oil & Gas remain a cornerstone of global development, powering transportation, industries, and households. MSMECCII connects ancillary suppliers with major EPC and refinery players.

RESILIENT INDUSTRY

Empowering Global Energy

The industrial ecosystem depends on stable energy supplies. Explore opportunities in refinery services, equipment supply, and pipeline infrastructure within the vibrant Oil & Gas sector.