additional topics Flashcards
What position does India hold in terms of crude oil consumption globally?
The IEA released the “Indian Oil Market Outlook to 2030” report.
What is projected about India’s role in global oil demand by 2030?
India is projected to become the largest source of global oil demand growth, surpassing China by 2027.
By how much is India’s oil demand expected to rise by 2023?
India’s oil demand is set to rise by about 1.2 million barrels per day (bpd) by 2023.
What are the Strategic Petroleum Reserve (SPR) stocks equivalent to in terms of days?
The Strategic Petroleum Reserve (SPR) stocks are equivalent to seven days.
What portion of the expected global oil demand growth will India’s increase represent by 2030?
India’s increase will constitute over a third of the expected global demand growth of 3.2 million bpd by 2030.
What are the total oil demand projections for India in 2030?
India’s total oil demand projections will stand at 6.64 million bpd in 2030, up from 5.48 million bpd in 2023.
What position does India hold in terms of crude oil consumption globally?
India is currently the third largest consumer of crude oil, behind the US and China.
What is India’s domestic consumption of crude oil as per the oil ministry data?
India’s domestic consumption is around 5 million barrels per day (mb/d).
What were India’s ranks in terms of global exports in 2023?
In 2023, India was the fourth-largest exporter of middle distillates globally and the sixth-largest refinery product exporter at 1.2 mb/d.
When was the International Energy Agency (IEA) established?
The International Energy Agency (IEA) was established in 1974.
What is the new deadline for doubling the nationwide ethanol blending in gasoline to 20%?
India has advanced its deadline for doubling nationwide ethanol blending to 20% in Q4 2026.
Where is the headquarters of the IEA located?
The IEA is headquartered in Paris, France.
What is India’s current ethanol blending rate, and how does it compare globally?
India’s ethanol blending rate is around 12%, which is among the highest in the world.
What is the stockpile requirement for IEA member countries in terms of days?
IEA member countries maintain a stockpile equivalent to 90 days of their demand.
What is JAYWAN based on?
UAE’s domestic card JAYWAN is based on the digital RuPay credit and debit card stack.
What joint initiative are both countries supporting in Gujarat?
Both countries aimed at supporting the Maritime Heritage Complex at Lothal, Gujarat.
How many association countries are there in the IEA, and does India belong to this category?
There are 13 association countries in the IEA, and India is one of them.
How many member countries are part of the IEA?
The IEA has 31 member countries.
What are the two digital payment platforms that India and the UAE agreed to interlink?
The two digital payment platforms are UPI (India) and AANI (UAE).
What position did the UAE hold as an investor in India’s infrastructure sector in 2022-2023?
In 2022-2023, the UAE was the fourth biggest Foreign Direct Investment (FDI) investor in India.
Who is behind the initiative of Bharat Mart?
Bharat Mart is a joint initiative of DP World, a Dubai-based multinational.
Which agreements were signed to enhance port infrastructure and connectivity between India and the UAE?
Agreements were signed between RITES Limited and the Gujarat Maritime Board with Abu Dhabi Ports Company to enhance port infrastructure and connectivity between India and the UAE.
What is Bharat Mart, and where is it located?
Bharat Mart is a facility that combines retail, warehousing, and logistics, located at the Jebel Ali Free Trade Zone in Dubai.
Who founded the doctrine of Swaminarayan Sampradaya?
The doctrine of Swaminarayan Sampradaya was given by Bhagwan Swaminarayan.