The constantly growing energy demand in India opens big business opportunities for its oil and gas sector. Apart from its prospective domestic demand, India aims to become the hub for petroleum produc
June 22, 2006 (Press Release) --
As India’s energy demand constantly rises and needs to be supplied for the business opportunities for the oil & gas sector expand.
The various activities that feed investment opportunities for this sector include new explorations for domestic demand; development of the new found oil fields; transportation of crude oil, gas and other products; refining of petroleum products; and providing for domestic demand and exports.
The Government of India has undertaken several initiatives to improve the current 18% level of exploration of sedimentary blocks. The Government of India also plans to introduce open acreage policy that permits companies to bid for exploration of desired blocks. The companies will be let to benefit from their technical expertise vis-ŕ-vis their competitors. They can select blocks suitable to their risk propensity, profile and also time the bids.
India aims to become the hub for export of its petroleum products. It is estimated that demand for petroleum products in Asia Pacific region alone would be around 28Mn barrels per day in 2010.
In a recently published report “Indian Oil & Gas Industry: An Industry Analysis” RNCOS provides an objective analysis of the Oil & Gas sector in India. It gives detailed information on exploration, production, and other processes accompanied with annual consumption figures and future growth prospects.
In the market research report RNCOS elicits the significance of the Indian Oil & Gas sector from the following facts:
· Imports of petroleum and oil lubricant were 28% of total imports in 2004-05 while exports were 9% of total exports in the same year.
· India’s consumption of crude oil was 120MMT in 2004 making it the sixth largest crude oil consumer in the world.
· India’s refining capacity is 4% that of the world capacity and stands in the sixth position, refining oil by millions of barrels every day.
· India is ninth largest crude oil importer in the world.
The report makes a comprehensive analysis of growth prospects and approaching situation in the industry. It reveals the various oil and gas projects that have been announced by Indian companies and the consequent investment that amounts to over $30 Bn by 2008.
About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
To purchase your copy: http://www.marketsmonitor.com/category/IM038.html
For more information about the report please visit www.marketsmonitor.com
The various activities that feed investment opportunities for this sector include new explorations for domestic demand; development of the new found oil fields; transportation of crude oil, gas and other products; refining of petroleum products; and providing for domestic demand and exports.
The Government of India has undertaken several initiatives to improve the current 18% level of exploration of sedimentary blocks. The Government of India also plans to introduce open acreage policy that permits companies to bid for exploration of desired blocks. The companies will be let to benefit from their technical expertise vis-ŕ-vis their competitors. They can select blocks suitable to their risk propensity, profile and also time the bids.
India aims to become the hub for export of its petroleum products. It is estimated that demand for petroleum products in Asia Pacific region alone would be around 28Mn barrels per day in 2010.
In a recently published report “Indian Oil & Gas Industry: An Industry Analysis” RNCOS provides an objective analysis of the Oil & Gas sector in India. It gives detailed information on exploration, production, and other processes accompanied with annual consumption figures and future growth prospects.
In the market research report RNCOS elicits the significance of the Indian Oil & Gas sector from the following facts:
· Imports of petroleum and oil lubricant were 28% of total imports in 2004-05 while exports were 9% of total exports in the same year.
· India’s consumption of crude oil was 120MMT in 2004 making it the sixth largest crude oil consumer in the world.
· India’s refining capacity is 4% that of the world capacity and stands in the sixth position, refining oil by millions of barrels every day.
· India is ninth largest crude oil importer in the world.
The report makes a comprehensive analysis of growth prospects and approaching situation in the industry. It reveals the various oil and gas projects that have been announced by Indian companies and the consequent investment that amounts to over $30 Bn by 2008.
About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
To purchase your copy: http://www.marketsmonitor.com/category/IM038.html
For more information about the report please visit www.marketsmonitor.com
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