|
Despite 6 Lead Players, Indias O & G Production Fall Short
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.
advertisement
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 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.rncos.com/Report/IM038.htm
For more information about the report please visit
www.rncos.com
Disclaimer: The views and opinions expressed in the articles and columns published are those of the individual writers and not necessarily those of Investorideas.com, or any of the industry sector portals . At the time of publication, writers may hold positions in the stocks or companies mentioned.
Investorideas.com or any of the industry sector portals cannot assure accuracy of content from freelance articles and content. Investors are encouraged to research and verify facts and under no circumstances is Investorideas.com endorsing the content as a recommendation to buy or sell stock.
|
