FT: An overlooked oil and gas sector finally comes to life in India

Manvendra Singh watched Royal Dutch Shell pack up and leave India. A decade ago, the Indian MP was told by an executive of the oil company, as he closed up his trailer near the arid city of Jaisalmer, that the quality of the oil beneath the Rajasthani desert was good, but there was not enough of it.

So the Anglo-Dutch oil group, after drilling four exploration wells, was going home. It could not have been more wrong. Today Rajasthan is on its way to becoming a mini-Texas, supplying the world’s fastest growing economy after China. Its 125,000 barrels a day of oil represents almost 20 per cent of domestically generated oil supplies to a country home to nearly a fifth of humanity.

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