India has six national oil & gas companies. These state-owned companies are driven by the government’s policies. However, there is shortage of domestic oil production in the country.
June 26, 2006 (Press Release) --
The Indian Oil & Gas sector has six companies – Indian Oil Corporation, Oil India Limited, Gas Authority of India Limited, Oil & Natural Gas Corporation, Bharat Petroleum and Hindustan Petroleum. The industry is estimated to be worth $94Bn. Despite the presence of these lead players, India imports a large 72% of its oil requirements. The state-owned companies do not perform commercial business and have their agendas determined and driven by the government.
To match the country’s energy demand with supply, the federal government has initiated a multi purpose program. It also wishes to encourage the oil & gas industry through greater investment, healthy competition and an institutional-based regulatory system.
To minimize the risks linked with ‘short term’ supply disruptions, the federal government has proposed building strategic reserves of crude oil to provide for a period of 15 days.
There is an urgent need for the government to build a long lasting, strategic and interdependent relationship with the national oil companies. The country’s demand for crude oil has been constantly rising and far exceeds domestic production.
In their latest market research report, “Indian Oil & Gas Industry: An Industry Analysis” RNCOS’ experts showing concern on India’s Oil & Gas policy, believe that the time is ripe for the Indian government to develop a durable, strategic and interdependent relationship with the national oil companies to find a platform in the international competition.
The report 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.
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 $30Bn by 2008.
The market research report, “Indian Oil & Gas Industry: An Industry Analysis” has plenty of statistical data providing an all-comprehensive information. It would serve a good reference material for market analysts, oil & gas project consultants, financial institutional investors, oil & gas regulatory bodies, and strategic committee with oil & gas companies.
About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports via MarketsMonitor 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
To match the country’s energy demand with supply, the federal government has initiated a multi purpose program. It also wishes to encourage the oil & gas industry through greater investment, healthy competition and an institutional-based regulatory system.
To minimize the risks linked with ‘short term’ supply disruptions, the federal government has proposed building strategic reserves of crude oil to provide for a period of 15 days.
There is an urgent need for the government to build a long lasting, strategic and interdependent relationship with the national oil companies. The country’s demand for crude oil has been constantly rising and far exceeds domestic production.
In their latest market research report, “Indian Oil & Gas Industry: An Industry Analysis” RNCOS’ experts showing concern on India’s Oil & Gas policy, believe that the time is ripe for the Indian government to develop a durable, strategic and interdependent relationship with the national oil companies to find a platform in the international competition.
The report 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.
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 $30Bn by 2008.
The market research report, “Indian Oil & Gas Industry: An Industry Analysis” has plenty of statistical data providing an all-comprehensive information. It would serve a good reference material for market analysts, oil & gas project consultants, financial institutional investors, oil & gas regulatory bodies, and strategic committee with oil & gas companies.
About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports via MarketsMonitor 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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