Oil and Gas Industry in India

cover color AND GAS Researched & Presented By: Glenson Sequeira (41) OIL AND GAS petroleum and Gas industry in India is a 110 billion USD industry (as in March 2007). The India cover & mishandle demand ranks it sixth in the world. The crude and gas industry has been instrumental in fuelling the rapid growth of the Indian economy. The petroleum and natural gas welkin which includes transportation, refining and marketing of petroleum results and gas constitutes over 15 per cent of the GDP. OIL AND GAS INDUSTRY OVERVIEW The oil and gas history in India dates back to 1867, with the discovery of oil deposits in Makum, near Margherita, Assam. The oil and gas sector in India has since witnessed the feature of numerous oil and gas companies. In India, the oil and gas industry jobs attract huge labour force. With the inset of large players into the oil & gas sector in India engaging in mass oil & gas production, the oil & gas prices let been revised although motionlessness in the unaffordable segment. A rapid cast up is also seen in the demand of oil & gas exploration and drilling equipment and services. The oil & gas fields both shoreward and offshore provides mass employment opportunities and also contribute in a wholesome way in increasing the oil & gas reserves of India.

Despite of new finds in oil & gas wells, increase in the drilling operations, advancement in oil extraction methods, pumps and machine and other equipments and technology, the costs retain not come down. The oil & gas prices are still a matter of utmost concern for the Government of India. OIL AND GAS REFINING IN INDIA India oil refining force is the sixth largest in the world. India is soon emerging as a leading exporter of refined petroleum products in the world. India has around 6000 kms of product pipelines along with over 34,600 government of India (GOI) owned retail outlets. Oil refining is an industrial process of processing crude oil into petroleum products that have wider usage. The petroleum products... If you want to get a full essay, order it on our website: Orderessay

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