The Oil and Natural Gas Corporation (ONGC) is aiming to double its oil production in the next five to six years, revealed Dinesh K. Sarraf, Chairman and Managing Director, while addressing a gathering during the Independence Day celebrations here. In the past three years, despite oil prices tumbling to record lows, there has been a sustained production through incremental inputs, and new investment decisions that were taken ensured sustained volumes and financial growth. “Share of gas in India’s energy basket is set to increase from 6.5 per cent to 15 per cent. The government is focussed on making our economy gas-based”, said Saraf. Talking about the ONGC’s plans, Sarraf said many of the new projects are gas-based.