Growing demand for transportation fuels and industrial power has been a major factor behind the growth in South Asian Oil consumption. Between 1990 and 2005, South Asian oil consumption -- led by India -- grew by about 111 percent. Indias oil consumption is forecast to grow another 10 percent by 2010, reaching 2.8 million bbl/d (up from 2.5 million bbl/d in 2005). In Sri Lanka, where oil is the dominant source of energy, oil consumption more than doubled between 1990 and 2005. In 2005, Sri Lankas oil consumption was 87,000 bbl/d. Sri Lanka imports all of its Crude Oil and uses it largely for electricity generation and transportation. The country has a refining capacity of 50,000 bbl/d. In recent years, Sri Lanka has further increased oil imports in an effort to avoid overreliance on hydroelectricity.
Several oil finds in India may reduce import dependence in South Asia. In September 2004, UK oil firm Cairn Energy confirmed the potential of its Mangala field in western Rajasthan at between 100 and 320 million barrels. Its nearby N-A field has an estimated recoverable reserve of 80 million barrels. This field is expected to yield 60,000 to 100,000 bbl/d by 2008.