India has a reserves balance of 1.4bn tonnes Vol 4, PW 14 (16 Aug 00) Exploration & Production How much oil and gas reserves does India still contain On 7th August Naik told the house that India's reserves (balance) of oil plus oil equivalent gas were estimated at 1,417.34m tonnes.... Buy this article forRs590 $9 For a 30-article or annual subscription rates click here RelatedMake 'Ease of doing business' a reality: Pradhan (21 Mar 19) Sonatrach ignores IOC request for LNG (29 Nov 12) ONGC has proven reserves of 2.78bn barrels of oil (25 Aug 04) India to store extra 530,000 tonnes LPG reserves (18 Jun 03) Oil India sets aside $179m for recovery projects (27 Feb 02) First LNG could come from 'Trains' 1 and 2 (17 Jan 01) India has a reserves balance of 1.4bn tonnes (16 Aug 00) Evidence of glut in Indian naphtha production (24 May 00) TABLE: WHY JOINT VENTURES ARE A BETTER OPTION (28 Apr 99) IS INDIA RUNNING OUT OF OIL RESERVES' (03 Mar 99)