An Analysis of Indian Oil & Gas Industry

Indian oil and gas industry is one of the largest contributors to both the central & state exchequers in the country. Total share of this sector is estimated to be around $13.58Bn at present. State-run companies hold most of the 25 refineries in the country, having a capacity to process 2.5Mn barrels daily. In terms of petroleum demand, India is at number six in the world. It's predicted that the country will replace South Korea & emerge as the 4th largest consumer of energy by the year 2010, following U.S, China and Japan. Oil & gas exploration, distribution and marketing of petroleum products, crude oil refining and natural gas distribution are the main sub-sectors of the Indian oil & gas sector. So far, Indian oil and gas companies have been operat View the rest of this article