NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2007/03/05 - With six deals in the making being unveiled during the month of January this year, India is seen as a fast emerging global refiner.
India will soon emerge as a global refiner. This is quite apparent by the unveiling of six deals in the making over the period of January 15, 2007 to January 22, 2007. Increased number of global players are eyeing stake in the country and the domestic players are being invited abroad for setting up refineries.
While global firms are seeking share in the rapidly growing refinery sector of India, domestic players are making their way in to countries such as Saudi Arabia, Nigeria, and Yemen. The Indian companies are being invited for picking up stake in the existing refineries and for setting up green field units.
Investments required to set-up the refineries in the country is pretty lower compared with most countries. Construction costs are competitive due to the availability of the low cost labor in this country. Logistically, India is well placed for refineries since it’s a key market for petroleum products and crude oil. Also, since it is in close vicinity of major demand centers like China.
As per the RNCOS report “Indian Oil & Gas Industry: An Industry Analysis”, Oil comprised about 36% of primary energy consumption during the year 2005. Driven by the overall growth in economy, it’s likely to grow both absolutely and percentage wise. Demand growth will likely propel the overall demand for 196 MMT during 2011-2012 & 250 MMT during 2024-2025.
This research reports on “Indian Oil & Gas Industry: An Industry Analysis”, also addresses some interesting issues for today’s Global business environment. This report provides the clients with an overview of Oil Sector in India.
The report is a must read for analysts, businesses, students, and individuals closely monitoring the developments in the oil and gas industry in India. As it provides a comprehensive discussion on all aspects of Indian oil and gas industry. It also answers key questions such as:
- What does the competitive landscape look like for Indian oil and gas industry?
- What are the prospects of refining in India?
- What are the Issues concerning the Gas Industry?
- What are the various opportunities and challenges before this industry?
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.