Oil & Gas

India has one of the fastest growing economies in the world, and the demand for Oil and Gas is rising at a matching rate. Not only is India’s market potential huge, but in recent years India has emerged as one of the most prospective regions in the world with major oil and gas discoveries, both onshore and offshore. India is presently the world's fifth biggest energy consumer in the world.

The Petroleum Industry includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum (oil) is also The raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, and plastics. The combination of rising oil consumption and fairly unwavering production levels leaves India highly dependent on imports to meet the consumption needs.

The Ministry of Petroleum and Natural Gas crafted the New Exploration License Policy (NELP) in 2000, which permits foreign companies to hold 100% equity possession in oil and natural gas projects. In December 2006, the Minister of Petroleum and Natural Gas issued a new policy that allows foreign investors, private domestic companies, and Government oil companies to hold up to 100% equity stakes in pipeline projects.

Gas, Natural Gas, Petrol/Gasoline, Diesel/Gas oil, Aviation Turbine Fuel (ATF) / Jet Fuel, Lubricants & Greases Marine Fuels & Lubricants, Kerosene, Bulk/Industrial Fuels, Bitumen, Petrochemicals, Special Products,Crude Oil.