Oil crisis looms large: expert

VISAKHAPATNAM: Though there is approximately 1,000 billion barrels of crude oil still underground, India, the seventh largest consumer of oil in the world, might face acute shortage of oil by 2035 so also China, said University of Petroleum (Deharadun) Vice-Chancellor S.J. Chopra here on Saturday.

Both the countries consume more oil than what they produce, with India presently producing only 30 per cent of its total oil requirement. By 2030, China


Presenting the Prof. Chelikani Chiranjivi Endowment Lecture on the energy scenario and petroleum refining industry in India at Andhra University, Prof. Chopra said 44 oil producing nations meet 99 per cent of world