India is the second largest refiner in Asia and the fourth largest consumer of oil and petroleum products in the world. It had 234.5 MMTPA of refining capacity in FY17 and consumed 193.745 MMT of petroleum products in 2016-17. State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production and IOC controlling over 10 refineries. India meets a significant portion of its oil demand through imports, relying on imports for around 82% of its needs. Its natural gas demand is also growing and India is the fourth largest LNG importer, importing 18.787 MMT of LNG in 2016-17.
India is the second largest refiner in Asia and the fourth largest LNG importer globally. Oil consumption in India has expanded at a CAGR of 2.98% between 2008-2017 to reach 4.13 million barrels per day. Gas consumption has also increased at a CAGR of 2.3% between 2007-2016. State-owned companies dominate India's oil and gas sector, conducting the majority of upstream exploration, drilling and production activities.
India is the second largest refiner in Asia and the fourth largest LNG importer globally. It is also the world's fourth largest energy consumer. India's oil consumption has grown at a CAGR of 2.98% between 2008-2017 to reach 4.13 million barrels per day. Similarly, gas consumption has increased over 160% since 1995. State-owned companies dominate India's oil and gas sector, with ONGC being the largest upstream firm. While domestic production meets over three-quarters of gas demand, LNG imports have grown at 8.92% annually. Strong economic growth is expected to further increase India's energy needs in the coming decades.
India is the fourth largest LNG importer in the world. It imported 18.787 MMT of LNG in 2016-17, compared to 16.217 MMT in 2015-16. India's oil refining capacity is expected to rise to more than 310 million tonnes by the end of 2017 from 234.5 MMTPA currently, making it the second largest refiner in Asia. India's energy demand is projected to double to 1,516 Mtoe by 2035 from 723.9 Mtoe in 2016. The country also consumed 193.745 MMT of petroleum products in 2016-17 and 134.599 MMT up to October 2017-18, making it the third largest consumer of
The document provides an overview of India's oil and gas market. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- India's energy demand is projected to double by 2035, increasing its share of global energy consumption.
- State-owned companies dominate India's oil and gas sector, though private companies have gained market share in refining.
- While domestic production meets most gas demand, India relies heavily on imports to meet growing oil consumption.
- Exploration and development activities have increased offshore and onshore to boost domestic production.
India is the second largest refiner in Asia with over 247.6 million tonnes of refining capacity as of March 2018. India's energy demand is projected to double by 2035 to 1,516 Mtoe. India was the third largest consumer of crude oil and petroleum products in 2016 and the fourth largest LNG importer in 2016. Domestic production accounts for over three-quarters of India's natural gas consumption, though imports are rising to meet growing demand for cleaner fuel. State-owned companies dominate India's oil and gas sector, though private companies have gained market share in refining.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner of oil in Asia and the fourth largest importer of LNG globally.
- Oil consumption in India has expanded at a CAGR of 2.98% from 2008-2017 to reach 4.13 million barrels per day.
- State-owned companies like ONGC and IOCL dominate upstream exploration and production as well as refining and pipelines. However, private companies have increased their market share in refining.
- Domestic gas production meets over three-quarters of India's gas demand but imports are rising to meet growing energy needs as demand is projected to double by
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- Domestic demand for oil and gas is expected to significantly increase due to strong economic growth and rising energy needs.
- State-owned companies dominate upstream exploration and production as well as downstream refining and distribution, though private companies have an increasing role.
- India relies heavily on imports to meet its growing energy needs but is seeking to boost domestic production and infrastructure.
The document provides an overview of India's oil and gas market with the following key points:
1) India is the second largest refiner of oil in Asia and the fourth largest LNG importer globally. Private companies own about 35% of India's total refining capacity.
2) India's energy demand is projected to double by 2035, increasing its share of global energy consumption. Consumption of petroleum products grew over 5% in 2017-18.
3) State-owned companies dominate India's upstream, midstream, and downstream oil and gas segments. ONGC is the largest producer, while IOCL controls over 30% of the country's pipeline network and largest refining capacity.
India is the second largest refiner in Asia and the fourth largest LNG importer globally. Oil consumption in India has expanded at a CAGR of 2.98% between 2008-2017 to reach 4.13 million barrels per day. Gas consumption has also increased at a CAGR of 2.3% between 2007-2016. State-owned companies dominate India's oil and gas sector, conducting the majority of upstream exploration, drilling and production activities.
India is the second largest refiner in Asia and the fourth largest LNG importer globally. It is also the world's fourth largest energy consumer. India's oil consumption has grown at a CAGR of 2.98% between 2008-2017 to reach 4.13 million barrels per day. Similarly, gas consumption has increased over 160% since 1995. State-owned companies dominate India's oil and gas sector, with ONGC being the largest upstream firm. While domestic production meets over three-quarters of gas demand, LNG imports have grown at 8.92% annually. Strong economic growth is expected to further increase India's energy needs in the coming decades.
India is the fourth largest LNG importer in the world. It imported 18.787 MMT of LNG in 2016-17, compared to 16.217 MMT in 2015-16. India's oil refining capacity is expected to rise to more than 310 million tonnes by the end of 2017 from 234.5 MMTPA currently, making it the second largest refiner in Asia. India's energy demand is projected to double to 1,516 Mtoe by 2035 from 723.9 Mtoe in 2016. The country also consumed 193.745 MMT of petroleum products in 2016-17 and 134.599 MMT up to October 2017-18, making it the third largest consumer of
The document provides an overview of India's oil and gas market. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- India's energy demand is projected to double by 2035, increasing its share of global energy consumption.
- State-owned companies dominate India's oil and gas sector, though private companies have gained market share in refining.
- While domestic production meets most gas demand, India relies heavily on imports to meet growing oil consumption.
- Exploration and development activities have increased offshore and onshore to boost domestic production.
India is the second largest refiner in Asia with over 247.6 million tonnes of refining capacity as of March 2018. India's energy demand is projected to double by 2035 to 1,516 Mtoe. India was the third largest consumer of crude oil and petroleum products in 2016 and the fourth largest LNG importer in 2016. Domestic production accounts for over three-quarters of India's natural gas consumption, though imports are rising to meet growing demand for cleaner fuel. State-owned companies dominate India's oil and gas sector, though private companies have gained market share in refining.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner of oil in Asia and the fourth largest importer of LNG globally.
- Oil consumption in India has expanded at a CAGR of 2.98% from 2008-2017 to reach 4.13 million barrels per day.
- State-owned companies like ONGC and IOCL dominate upstream exploration and production as well as refining and pipelines. However, private companies have increased their market share in refining.
- Domestic gas production meets over three-quarters of India's gas demand but imports are rising to meet growing energy needs as demand is projected to double by
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- Domestic demand for oil and gas is expected to significantly increase due to strong economic growth and rising energy needs.
- State-owned companies dominate upstream exploration and production as well as downstream refining and distribution, though private companies have an increasing role.
- India relies heavily on imports to meet its growing energy needs but is seeking to boost domestic production and infrastructure.
The document provides an overview of India's oil and gas market with the following key points:
1) India is the second largest refiner of oil in Asia and the fourth largest LNG importer globally. Private companies own about 35% of India's total refining capacity.
2) India's energy demand is projected to double by 2035, increasing its share of global energy consumption. Consumption of petroleum products grew over 5% in 2017-18.
3) State-owned companies dominate India's upstream, midstream, and downstream oil and gas segments. ONGC is the largest producer, while IOCL controls over 30% of the country's pipeline network and largest refining capacity.
- India is the second largest refiner of oil in Asia with a refining capacity of 247.6 million tonnes as of September 2018. Private companies own about 35.62% of India's total refining capacity.
- India's oil production reached 35.68 million tonnes in 2017-18 and had proven oil reserves of 600 million tonnes as of 2017. State-owned ONGC dominates oil production, accounting for 58.26% of India's total output in FY18.
- India's gas production was 31.83 billion cubic metres in FY18 and had proven gas reserves of 1.2 trillion cubic metres at the end of 2017. ONGC also dominates gas production
- India is the third largest energy consumer in the world and oil and gas account for 35.61% of total energy consumption. State-owned companies dominate the oil and gas sector in India.
- Oil consumption has grown at a CAGR of 2.98% from 2008-2017 to reach 4.43 million barrels per day. India relies heavily on oil imports which are expected to further increase.
- Gas consumption has increased at a CAGR of 2.44% from 2007-2016 to reach 50.7 billion cubic meters. India is increasing LNG imports to meet its growing gas demand.
The document provides information on India's oil and gas sector, including:
- India is the world's fourth largest energy consumer and fourth largest oil consumer. Its energy demand is projected to double by 2035.
- State-owned companies dominate the oil and gas sector in India. ONGC is the largest player in upstream exploration and production. Indian Oil is a major player in refining and transportation.
- Oil consumption in India is estimated to reach 4.0 million barrels per day by 2016, growing at a CAGR of 3.3% from 2008-2016. However, India relies heavily on oil imports, which accounted for over 80% of demand in fiscal year 2014.
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India has the second largest refining capacity in Asia and is the third largest energy consumer globally. Domestic oil production stood at 35.68 million tonnes in 2017-18, while gas production was 31.83 bcm. State-owned companies dominate the oil and gas sector, with ONGC being the largest producer. Oil demand is expected to more than double to 10.1 million barrels per day by 2040 due to rapid economic growth. India is also increasingly reliant on imports to meet its growing energy needs.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the third largest energy consumer in the world and its energy demand is expected to double by 2035.
- State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production.
- Oil consumption in India has grown at a CAGR of 4.78% from 2007-2017 to reach 4.69 mbpd, and demand is projected to further increase dependency on imports.
- Gas consumption has increased at a CAGR of 3.40% from 2007-2017 to reach 54.20 bcm, and demand is expected to reach
India remains the third largest energy consumer globally. Crude oil production in India stood at 35.68 million tonnes in 2017-18, with state-owned ONGC accounting for around 58% of output. Natural gas consumption has increased at a CAGR of 3.4% between 2007-2017 to reach 54.2 billion cubic metres. Demand for gas is projected to reach 143 bcm by 2040, with imports projected to double over the next five years.
The document provides an overview of India's oil and gas sector. It notes that India is the fourth largest energy consumer in the world, with demand expected to double by 2035. It is also the fourth largest LNG importer and second largest refiner in Asia. State-owned companies dominate the sector, though private companies have a growing role in refining and downstream distribution. Oil consumption has been growing at 3-4% annually and is projected to reach 4 million barrels per day by 2016, with domestic production increasing but still relying heavily on imports. Natural gas demand is also growing rapidly at over 2% annually, with increasing imports of LNG needed to meet demand as domestic production has plateaued.
The document provides information on India's oil and gas sector:
- India is the world's fourth largest energy consumer and fourth largest LNG importer. It is also the second largest refiner in Asia.
- Demand for energy in India is projected to nearly triple by 2035 due to rapid economic and population growth.
- State-owned companies dominate upstream exploration and production as well as midstream transportation, however private companies have a growing role in refining and marketing.
- India relies heavily on imports to meet its oil demand but is taking steps to increase domestic production.
The document provides information on India's oil and gas sector, including:
- India is the 4th largest energy consumer in the world and its energy demand is expected to double by 2035. It is also the 4th largest importer of LNG and consumer of oil and petroleum products.
- State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production. Private companies have a growing role in refining.
- Demand for oil and gas is driven by India's strong economic growth and rising income levels. Oil consumption has increased at a CAGR of 4.79% between 2008-2016 while gas consumption is forecast to rise at
The document provides an overview of India's oil and gas sector. It notes that India is the world's fourth largest energy consumer and fourth largest LNG importer. It also discusses key trends such as growing demand for energy, India's reliance on oil and gas imports, and the dominance of state-owned companies in the upstream, midstream, and downstream segments of the industry. The document analyzes supply and demand trends for both oil and gas and highlights opportunities and challenges in the Indian market.
The document provides an overview of India's oil and gas sector. Some key points:
1) India is the fourth largest energy consumer in the world and its energy demand is expected to double by 2035. Oil consumption is also expected to rise significantly, reaching 4 million barrels per day by 2016.
2) State-owned companies dominate exploration and production, with ONGC accounting for around 60% of domestic crude oil output. However, private sector participation is growing.
3) While domestic production is increasing, India relies heavily on imports to meet its growing energy needs, importing over 80% of its crude oil requirements. Imported LNG is also an important and growing source of natural gas.
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India is the third largest energy consumer globally and its oil consumption has expanded at a CAGR of 4.78% during 2007-2017. State-owned companies dominate India's oil and gas sector, with ONGC being the largest upstream company. While domestic production meets about 30% of India's oil demand, imports are expected to rise further due to growing energy needs. Gas consumption has increased at 3.40% CAGR from 2007-2017 and is projected to reach 143.08 bcm by 2040. Exports of petroleum products have also increased, with India being one of the largest exporters of refined oil globally.
The document provides an overview of India's oil and gas sector. It notes that India is the world's fourth largest energy consumer and fourth largest LNG importer. State-owned companies dominate exploration and production, while private companies have a growing role in refining. Demand for oil and gas is expected to continue growing strongly due to India's rising energy needs. The document discusses trends in production, imports, consumption and infrastructure such as pipelines.
- India is the third largest energy consumer globally and its demand for oil and gas is expected to significantly increase over the coming decades.
- State-owned companies dominate India's oil and gas sector, though private companies have an increasing role in refining.
- India relies heavily on imports to meet its growing demand for oil and gas, as domestic production is inadequate. Oil imports have increased at a faster rate than domestic production.
- Gas consumption and imports have also been growing as India works to expand its gas-based economy.
India is the third largest energy consumer globally and its oil and gas sector is growing robustly. State-owned companies dominate the oil and gas sector in India. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017. Gas consumption has increased at a CAGR of 3.40% between 2007-2017. India is increasingly relying on imports to meet its growing energy demands as domestic production has failed to keep pace with consumption.
India is the second largest refiner in Asia and the fourth largest LNG importer globally. India's energy demand is projected to double by 2035, with oil and gas accounting for over one-third of total energy consumption. State-owned companies dominate India's oil and gas sector, however private companies have gained considerable market share in refining. Oil consumption has grown at a CAGR of 3% from 2008-2017 to reach 4.13 million barrels per day. Similarly, gas consumption has increased at a CAGR of 2.3% from 2007-2016 to 1,227 billion cubic meters. However, India remains reliant on imports for its oil requirement, with imports meeting 82% of demand in FY
The document provides an overview of the metals and mining industry in India. Some key points:
- India ranks 4th globally in iron ore production and is the 3rd largest producer of crude steel and coal.
- The metals and mining sector has grown significantly in recent years, with mineral production increasing at a CAGR of 5.72% between 2013-14 and 2017-18.
- Major metals and minerals produced in India include iron ore, bauxite, coal, aluminum, and precious metals. States like Odisha, Rajasthan, and Chhattisgarh are leading producers.
- Rising infrastructure development and growth in sectors like automotive and power are driving demand in
The document provides an overview of the metals and mining sector in India. Some key points:
- India ranks 4th globally in iron ore production and is the 3rd largest producer of coal and crude steel. Production of metals like aluminium is also increasing.
- The sector is supported by factors like rising infrastructure spending, availability of raw materials, and favorable government policies. The government aims to increase steel production capacity significantly by 2030.
- Major minerals produced are coal, iron ore, bauxite, and other metals. States like Odisha are leading producers. Metallic and non-metallic mineral production has grown steadily in recent years.
India's oil and gas sector is dominated by state-owned companies. India is the third largest energy consumer globally and its energy demand is expected to double by 2035. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017, with India retaining its spot as the third largest oil consumer. Gas consumption has increased at a CAGR of 3.40% between 2007-2017 and demand is projected to further rise significantly by 2040. Exports of petroleum products have also grown over the years, with India among the largest exporters of refinery products globally.
India is a major producer and consumer of metals and minerals globally. Some key points:
- India ranks 4th globally in iron ore production and is the 3rd largest producer and consumer of crude steel.
- The metals and mining sector has grown at a CAGR of 6.21% between 2011-12 and 2017-18 to reach a GVA of US$58.14 billion.
- Key minerals produced in India include coal, iron ore, bauxite, and precious metals and stones. The sector is dominated by states like Rajasthan, Odisha, and Andhra Pradesh.
- Rising infrastructure development and growth in sectors like automotive and power are driving demand for metals in India
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- Domestic demand for oil and gas is expected to significantly increase due to strong economic growth and rising energy needs.
- State-owned companies dominate upstream exploration and production as well as downstream refining and distribution, though private companies have an increasing role.
- India relies heavily on imports to meet its growing energy needs but is seeking to boost domestic production and infrastructure.
India's oil and gas sector is dominated by state-owned companies. India is the third largest energy consumer globally and its energy demand is expected to double by 2035. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017, with India retaining its spot as the third largest oil consumer. Gas consumption has increased at a CAGR of 3.40% between 2007-2017 and demand is projected to further rise significantly by 2040. The country increasingly relies on imports to meet its growing demand for oil and gas.
- India is the second largest refiner of oil in Asia with a refining capacity of 247.6 million tonnes as of September 2018. Private companies own about 35.62% of India's total refining capacity.
- India's oil production reached 35.68 million tonnes in 2017-18 and had proven oil reserves of 600 million tonnes as of 2017. State-owned ONGC dominates oil production, accounting for 58.26% of India's total output in FY18.
- India's gas production was 31.83 billion cubic metres in FY18 and had proven gas reserves of 1.2 trillion cubic metres at the end of 2017. ONGC also dominates gas production
- India is the third largest energy consumer in the world and oil and gas account for 35.61% of total energy consumption. State-owned companies dominate the oil and gas sector in India.
- Oil consumption has grown at a CAGR of 2.98% from 2008-2017 to reach 4.43 million barrels per day. India relies heavily on oil imports which are expected to further increase.
- Gas consumption has increased at a CAGR of 2.44% from 2007-2016 to reach 50.7 billion cubic meters. India is increasing LNG imports to meet its growing gas demand.
The document provides information on India's oil and gas sector, including:
- India is the world's fourth largest energy consumer and fourth largest oil consumer. Its energy demand is projected to double by 2035.
- State-owned companies dominate the oil and gas sector in India. ONGC is the largest player in upstream exploration and production. Indian Oil is a major player in refining and transportation.
- Oil consumption in India is estimated to reach 4.0 million barrels per day by 2016, growing at a CAGR of 3.3% from 2008-2016. However, India relies heavily on oil imports, which accounted for over 80% of demand in fiscal year 2014.
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India has the second largest refining capacity in Asia and is the third largest energy consumer globally. Domestic oil production stood at 35.68 million tonnes in 2017-18, while gas production was 31.83 bcm. State-owned companies dominate the oil and gas sector, with ONGC being the largest producer. Oil demand is expected to more than double to 10.1 million barrels per day by 2040 due to rapid economic growth. India is also increasingly reliant on imports to meet its growing energy needs.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the third largest energy consumer in the world and its energy demand is expected to double by 2035.
- State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production.
- Oil consumption in India has grown at a CAGR of 4.78% from 2007-2017 to reach 4.69 mbpd, and demand is projected to further increase dependency on imports.
- Gas consumption has increased at a CAGR of 3.40% from 2007-2017 to reach 54.20 bcm, and demand is expected to reach
India remains the third largest energy consumer globally. Crude oil production in India stood at 35.68 million tonnes in 2017-18, with state-owned ONGC accounting for around 58% of output. Natural gas consumption has increased at a CAGR of 3.4% between 2007-2017 to reach 54.2 billion cubic metres. Demand for gas is projected to reach 143 bcm by 2040, with imports projected to double over the next five years.
The document provides an overview of India's oil and gas sector. It notes that India is the fourth largest energy consumer in the world, with demand expected to double by 2035. It is also the fourth largest LNG importer and second largest refiner in Asia. State-owned companies dominate the sector, though private companies have a growing role in refining and downstream distribution. Oil consumption has been growing at 3-4% annually and is projected to reach 4 million barrels per day by 2016, with domestic production increasing but still relying heavily on imports. Natural gas demand is also growing rapidly at over 2% annually, with increasing imports of LNG needed to meet demand as domestic production has plateaued.
The document provides information on India's oil and gas sector:
- India is the world's fourth largest energy consumer and fourth largest LNG importer. It is also the second largest refiner in Asia.
- Demand for energy in India is projected to nearly triple by 2035 due to rapid economic and population growth.
- State-owned companies dominate upstream exploration and production as well as midstream transportation, however private companies have a growing role in refining and marketing.
- India relies heavily on imports to meet its oil demand but is taking steps to increase domestic production.
The document provides information on India's oil and gas sector, including:
- India is the 4th largest energy consumer in the world and its energy demand is expected to double by 2035. It is also the 4th largest importer of LNG and consumer of oil and petroleum products.
- State-owned companies dominate India's oil and gas sector, with ONGC being the largest player in upstream exploration and production. Private companies have a growing role in refining.
- Demand for oil and gas is driven by India's strong economic growth and rising income levels. Oil consumption has increased at a CAGR of 4.79% between 2008-2016 while gas consumption is forecast to rise at
The document provides an overview of India's oil and gas sector. It notes that India is the world's fourth largest energy consumer and fourth largest LNG importer. It also discusses key trends such as growing demand for energy, India's reliance on oil and gas imports, and the dominance of state-owned companies in the upstream, midstream, and downstream segments of the industry. The document analyzes supply and demand trends for both oil and gas and highlights opportunities and challenges in the Indian market.
The document provides an overview of India's oil and gas sector. Some key points:
1) India is the fourth largest energy consumer in the world and its energy demand is expected to double by 2035. Oil consumption is also expected to rise significantly, reaching 4 million barrels per day by 2016.
2) State-owned companies dominate exploration and production, with ONGC accounting for around 60% of domestic crude oil output. However, private sector participation is growing.
3) While domestic production is increasing, India relies heavily on imports to meet its growing energy needs, importing over 80% of its crude oil requirements. Imported LNG is also an important and growing source of natural gas.
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India is the third largest energy consumer globally and its oil consumption has expanded at a CAGR of 4.78% during 2007-2017. State-owned companies dominate India's oil and gas sector, with ONGC being the largest upstream company. While domestic production meets about 30% of India's oil demand, imports are expected to rise further due to growing energy needs. Gas consumption has increased at 3.40% CAGR from 2007-2017 and is projected to reach 143.08 bcm by 2040. Exports of petroleum products have also increased, with India being one of the largest exporters of refined oil globally.
The document provides an overview of India's oil and gas sector. It notes that India is the world's fourth largest energy consumer and fourth largest LNG importer. State-owned companies dominate exploration and production, while private companies have a growing role in refining. Demand for oil and gas is expected to continue growing strongly due to India's rising energy needs. The document discusses trends in production, imports, consumption and infrastructure such as pipelines.
- India is the third largest energy consumer globally and its demand for oil and gas is expected to significantly increase over the coming decades.
- State-owned companies dominate India's oil and gas sector, though private companies have an increasing role in refining.
- India relies heavily on imports to meet its growing demand for oil and gas, as domestic production is inadequate. Oil imports have increased at a faster rate than domestic production.
- Gas consumption and imports have also been growing as India works to expand its gas-based economy.
India is the third largest energy consumer globally and its oil and gas sector is growing robustly. State-owned companies dominate the oil and gas sector in India. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017. Gas consumption has increased at a CAGR of 3.40% between 2007-2017. India is increasingly relying on imports to meet its growing energy demands as domestic production has failed to keep pace with consumption.
India is the second largest refiner in Asia and the fourth largest LNG importer globally. India's energy demand is projected to double by 2035, with oil and gas accounting for over one-third of total energy consumption. State-owned companies dominate India's oil and gas sector, however private companies have gained considerable market share in refining. Oil consumption has grown at a CAGR of 3% from 2008-2017 to reach 4.13 million barrels per day. Similarly, gas consumption has increased at a CAGR of 2.3% from 2007-2016 to 1,227 billion cubic meters. However, India remains reliant on imports for its oil requirement, with imports meeting 82% of demand in FY
The document provides an overview of the metals and mining industry in India. Some key points:
- India ranks 4th globally in iron ore production and is the 3rd largest producer of crude steel and coal.
- The metals and mining sector has grown significantly in recent years, with mineral production increasing at a CAGR of 5.72% between 2013-14 and 2017-18.
- Major metals and minerals produced in India include iron ore, bauxite, coal, aluminum, and precious metals. States like Odisha, Rajasthan, and Chhattisgarh are leading producers.
- Rising infrastructure development and growth in sectors like automotive and power are driving demand in
The document provides an overview of the metals and mining sector in India. Some key points:
- India ranks 4th globally in iron ore production and is the 3rd largest producer of coal and crude steel. Production of metals like aluminium is also increasing.
- The sector is supported by factors like rising infrastructure spending, availability of raw materials, and favorable government policies. The government aims to increase steel production capacity significantly by 2030.
- Major minerals produced are coal, iron ore, bauxite, and other metals. States like Odisha are leading producers. Metallic and non-metallic mineral production has grown steadily in recent years.
India's oil and gas sector is dominated by state-owned companies. India is the third largest energy consumer globally and its energy demand is expected to double by 2035. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017, with India retaining its spot as the third largest oil consumer. Gas consumption has increased at a CAGR of 3.40% between 2007-2017 and demand is projected to further rise significantly by 2040. Exports of petroleum products have also grown over the years, with India among the largest exporters of refinery products globally.
India is a major producer and consumer of metals and minerals globally. Some key points:
- India ranks 4th globally in iron ore production and is the 3rd largest producer and consumer of crude steel.
- The metals and mining sector has grown at a CAGR of 6.21% between 2011-12 and 2017-18 to reach a GVA of US$58.14 billion.
- Key minerals produced in India include coal, iron ore, bauxite, and precious metals and stones. The sector is dominated by states like Rajasthan, Odisha, and Andhra Pradesh.
- Rising infrastructure development and growth in sectors like automotive and power are driving demand for metals in India
The document provides an overview of India's oil and gas sector. Some key points:
- India is the second largest refiner in Asia and the fourth largest LNG importer globally.
- Domestic demand for oil and gas is expected to significantly increase due to strong economic growth and rising energy needs.
- State-owned companies dominate upstream exploration and production as well as downstream refining and distribution, though private companies have an increasing role.
- India relies heavily on imports to meet its growing energy needs but is seeking to boost domestic production and infrastructure.
India's oil and gas sector is dominated by state-owned companies. India is the third largest energy consumer globally and its energy demand is expected to double by 2035. Oil consumption has expanded at a CAGR of 4.78% during 2007-2017 to reach 4.69 million barrels per day in 2017, with India retaining its spot as the third largest oil consumer. Gas consumption has increased at a CAGR of 3.40% between 2007-2017 and demand is projected to further rise significantly by 2040. The country increasingly relies on imports to meet its growing demand for oil and gas.
The document provides information on India's oil and gas sector. Some key points:
- India is the world's fourth largest energy consumer and fourth largest oil consumer. Oil consumption is expected to reach 4.0 million barrels per day by 2016.
- State-owned companies dominate the oil and gas sector in India. ONGC is the largest player in upstream exploration and production. IOC controls over 10 refineries and a large pipeline network.
- India relies heavily on oil and gas imports to meet domestic demand. However, domestic crude oil production has been increasing in recent years supported by new oil fields coming online.
The document provides an overview of India's oil and gas sector. Some key points:
- India is the third largest energy consumer globally and its energy demand is expected to nearly double by 2040.
- State-owned companies dominate India's oil and gas sector, controlling the majority of oil production, refining capacity, and pipelines.
- Oil demand in India is projected to double by 2045 while natural gas demand is expected to grow by 25 billion cubic meters by 2024.
- The government has introduced policies to boost private sector participation and increase domestic oil and gas production to meet rising energy needs.
- India is the world's fourth largest energy consumer and demand is expected to double by 2035. Oil and gas account for 37% of India's total energy consumption.
- Oil consumption is estimated to reach 4.0 million barrels per day by 2016, growing at a 3.2% annual rate. India was the sixth largest LNG importer in the world in 2011.
- Domestic gas production meets over three-quarters of India's gas demand but imports are growing rapidly and expected to increase at a 33% annual rate between 2012-2017.
IOCL acquiring Govt share in GAIL
Oil and Gas Sector in India
Natural Gas consumption in India
Reasons for Acquisition
Indian oil company limited
Ratios
shareholding profile Gail
empire building theory
synergies
valuation
future outlook
The document provides a sectorial analysis of the oil and gas industry in India. It discusses the industry's contribution to the Indian economy through employment, GDP contribution, and FDI inflows. It analyzes the competitive landscape and profiles the top companies in the sector. The summary also examines the government's current policies supporting the industry and outlines future prospects like planned investments to increase refining capacity and expand the national gas pipeline network.
The oil sector in India plays a major role in the economy. It includes processes like exploration, extraction, refining, transporting and marketing of petroleum products. India imports over 70% of its oil needs and the sector contributes around 15% to India's GDP. Several government companies operate in the sector and it attracts significant domestic and foreign investments, however issues like dependence on imports and limited domestic reserves remain.
The document summarizes investment opportunities in India's oil and gas sector. It notes that India is the 6th largest consumer of oil globally and imports over 60% of its needs. Several policies encourage 100% foreign investment in areas like natural gas and refineries. The sector attracted $5.13 billion between 2000-2014. Major companies like Reliance and ONGC are investing billions in exploration, drilling, and offshore projects. With demand projected to greatly outpace domestic supply, the document outlines opportunities in areas like shale gas, pipelines, refining and technology partnerships to boost upstream production.
The oil and gas sector in India is expected to be worth $139 billion by 2015 and represents a major investment opportunity. India is the sixth largest consumer of oil globally and relies on imports for over 60% of its oil needs. Several government policies encourage investment in the sector, including allowing 100% foreign ownership. Potential areas for investment include developing India's shale gas resources, underground coal gasification, and providing equipment and services for oil and gas exploration and production.
Ipo report of mahanagar gas limited by epic researchEpic Research
Epic Research is expertise in serving Stock and Forex Market recommendations generated by the experienced research team whose technical analysis is best for all the segments of the Indian share market and Global market.
The oil and gas sector is a major industry in India, accounting for 6% of GDP. The government has implemented policies to increase investment and production in order to meet rising domestic demand. Key facts:
- India imports LNG and aims to increase domestic gas production significantly by 2040.
- Major players like ONGC and IOCL dominate upstream production and downstream refining and pipelines.
- The sector attracted over $6 billion in FDI from 2000-2016 and sees continued investments in expansion and new technologies.
- Government initiatives aim to further promote exploration, increase access to fuels, and train workers to support industry growth.
Similar to Oil and-Gas Sector Report September 2017 (14)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
2. Table of Content
Executive Summary……………….….…….3
Advantage India…………………..….……...4
Market Overview and Trends………..……..6
Porters Five Forces Analysis.….…..……...28
Strategies Adopted……………...……….…30
Growth Drivers……………………..............33
Success Stories………….......…..…...…....43
Opportunities…….……….......…………..…40
Useful Information……….......………….….46
3. For updated information, please visit www.ibef.orgOil and Gas3
EXECUTIVE SUMMARY
In FY17, India had 234.5 MMTPA of refining capacity, making it the 2nd largest refiner in Asia. By the end of
2017, the oil refining capacity of India is expected to rise and reach more than 310 million tonnes. Private
companies own about 38.21 per cent of total refining capacity
Second largest refiner in
Asia
Source: US Energy Information Administration (EIA), Ministry of Petroleum and Natural Gas
India’s energy demand is expected to double to 1,516 Mtoe by 2035 from 723.9 Mtoe in 2016. Moreover, the
country’s share in global primary energy consumption is projected to increase by 2-folds by 2035
World’s fourth-largest
energy consumer
In 2016-17, India consumed 193.745 MMT of petroleum products, while the consumption stood at 184.674
MMT during 2015-16.
India was 3rd largest consumer of crude oil and petroleum products in the world in 2016.
Fourth-largest consumer
of oil and petroleum
products
LNG imports into the country accounted for about one-fourth of total gas demand, which is estimated to
further increase by two times, over next five years. To meet this rising demand the country plans to increase
its LNG import capacity to 50 million tonnes in the coming years.
India increasingly relies on imported LNG; the country is the fourth largest LNG importer and accounted for
5.68 per cent of global imports.
India imported 18.787 MMT of LNG during 2016-17, in comparison to16.217 MMT in 2015-16.
Fourth-largest LNG
importer in 2016
Notes: MMTPA - Million Metric Tonnes Per Annum, Mtoe – Million Tonnes of Oil Equivalent; mbpd – Million Barrels Per Day; Figures mentioned in this slide is as per latest data available
5. For updated information, please visit www.ibef.orgOil and Gas5
ADVANTAGE INDIA
India is the world’s 4th largest energy
consumer; oil and gas account for
35.61 per cent of total energy
consumption in India
Demand for primary energy in India is
to increase 3-fold by 2035 to 1,516
million tonnes of oil
The University of Petroleum and Energy
Studies in Dehradun, Uttarakhand, is
Asia’s 1st and only energy university
The government allows 100 per cent
Foreign Direct Investment (FDI) in
upstream and private sector refining
projects
The FDI limit for public sector refining
projects has been raised to 49 per cent
without any disinvestment or dilution of
domestic equity in the existing PSUs
Government has enacted various
policies such as the New Exploration
Licensing Policy (NELP) and Coal Bed
Methane (CBM) policy to encourage
investments
New domestic natural gas pricing
guidelines has been enforced on 10th
January 2014
ADVANTAGE
INDIA
Source: Business Monitor International (BMI), World Oil Outlook 2012, Ministry of Petroleum and Natural Gas, BP Statistical Review 2015,
Note: mbpd – Million Barrels Per Day, bcm – Billion Cubic Metres, F – Forecast; Figures mentioned in this slide is as per latest data available
7. For updated information, please visit www.ibef.orgOil and Gas7
STATE-OWNED COMPANIES DOMINATE OIL AND GAS IN
INDIA
Source: BP Statistical Review 2015, US Energy Information Administration, Ministry of Petroleum and Natural Gas, Aranca Research
India became the 3rd largest energy consumer in 2015 and continued to remain so in 2016.
In FY17, oil production in the country reached 36.008 million metric tonnes as compared to 36.942 million metric tonnes in FY16. In 2016, the
country had 600 million metric tonnes (MMT) of proven oil reserves
India had 1.2 million cubic metres of proven gas reserves at the end of 2016 and produced 30.84 bcm of gas in FY17 which is expected to rise
and reach 34.119 bcm by the end of 2017.
State-owned ONGC dominate the upstream segment.
It is the largest upstream company in Exploration and Production (EandP) segment,
accounting for approximately 61.5 per cent of the country’s total oil output (FY17).
IOCL operates a 11,214 km network of crude, gas and product pipelines, with a capacity of
1.6 mbpd of oil and 10 mmscmd of gas
This is around 30 per cent of the nation’s total pipeline network
IOCL is the largest company, controls 10 out of 22 Indian refineries, with a combined capacity
of 1.31 mbpd
Reliance launched India’s 1st privately owned refinery in 1999 and has gained considerable
market share (30 per cent)
Essar’s Vadinar refinery has a capacity of 20 mmtpa, currently accounting for around 10 per
cent of total refining capacity
Indian Oil and
Gas sector
Upstream segment
- exploration and
production
Midstream
segment – storage
and transportation
Downstream
segment – refining,
processing and
marketing
Notes: bcm – Billion Cubic Metres, tcf – Trillion Cubic Feet, mbpd – Million Barrels Per Day, mmscmd - Million Metric Standard Cubic Metre Per Day, tcm -- trillions of cubic meters, mmtpa -
- million metric tons per annum
8. For updated information, please visit www.ibef.orgOil and Gas8
OIL SUPPLY AND DEMAND IN INDIA (1/2)
Source: Ministry of Oil and Natural Gas, BP Statistical Review 2015 BMI Forecasts, Aranca Research
Note: F – Forecast, CAGR – Compound Annual Growth Rate, mbpd – Million Barrels Per Day, mn bbl – Million Barrels, E- Estimated
3.08
3.24
3.32
3.49
3.69
3.73
3.85
4.00
4.00
4.13
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Oil consumption in India (2008-17) (mbpd) Oil consumption has expanded at a CAGR of 2.98 per cent during
FY2008–17E to reach 4.13 mbpd by 2017.
Due to the expected strong growth in demand, India’s dependency
on oil imports is likely to increase further
Rapid economic growth is leading to greater outputs, which in turn is
increasing the demand of oil for production and transportation
With rising income levels, demand for automobile is estimated to
increase, in turn leading to augmented demand for oil and gas
9. For updated information, please visit www.ibef.orgOil and Gas9
OIL SUPPLY AND DEMAND IN INDIA (2/2)
Source: Ministry of Oil and Natural Gas, BMI forecasts, Aranca Research
Note: F – Forecast, mbpd – Million Barrels Per Day
In FY17, total crude oil imports were valued at US$ 80.3 billion as
compared to US$ 70 billion in FY16. In FY17, imports accounted for
82 per cent of the country’s total oil demand.
In March 2017, the Indian Strategic Petroleum Reserve Ltd (ISPRL)
and Abu Dhabi National Oil Company (ADNOC) of UAE signed an
agreement, to fill up 0.81 MMT or 5,860,000 million barrels of crude
oil at ISPRL storage facility at Mangalore, Karnataka.
According to the Organisation of the Petroleum Exporting Countries
(OPEC), the demand for oil across the world will grow by 1.26 million
barrels per day (mb/d). Moreover, majority of the oil demand across
the globe is expected to originate from India.
Visakhapatnam port traffic (million tonnes)Imports and domestic oil production in India (mbpd)
0.67 0.75 0.76 0.76 0.76 0.75 0.74 0.72
3.18
3.27
3.43
3.69 3.78 3.79
4.05
4.27
0.00
1.00
2.00
3.00
4.00
5.00
6.00
FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17
Oil Production (mbpd) Oil imports(mbpd)
10. For updated information, please visit www.ibef.orgOil and Gas10
GAS SUPPLY AND DEMAND IN INDIA (1/2)
40 42 52 63 64 59 51 51 47 49
1,055
1,090
1,155 1,149
1,278
1,330 1,355
1,427
1,252 1,227
0
200
400
600
800
1000
1200
1400
1600
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Gas Consumption Proven Gas Reserves
Source: PPAC, BP Statistical Review 2015, Ministry of Oil and Natural Gas 2014, Aranca Research;
Note: F – Forecast, bcm – Billion Cubic Metres, CAGR – Compound Annual Growth Rate Figures mentioned in this slide is as per latest data available
India’s gas consumption has increased at a CAGR of 2.3 per cent
between 2007 and 2016.
Demand is not likely to simmer down anytime soon, given strong
economic growth and rising urbanisation. Gas consumption is
projected to reach 216 bcm by 2021-22.
Visakhapatnam port traffic (million tonnes)Proven reserves and total gas consumption in the country (bcm)
11. For updated information, please visit www.ibef.orgOil and Gas11
GAS SUPPLY AND DEMAND IN INDIA (2/2)
Source: Ministry of Oil and Natural Gas, BP Statistical Review 2015, Aranca Research
Note: bcm – Billion Cubic Metres, TMT – Thousand Metric Tonnes, Estimated Figures
Domestic production accounts for more than three-quarter of the
country’s total gas consumption
Demand is expected to increase due to higher economic growth,
ensure less dependency on imported crude and a desire to use
cleaner fuel
India’s LNG imports increased at a CAGR of 9.55 per cent during
FY08–FY17.
Domestic gas production in India stood at around 30.84 billion cubic
metres in FY17.
In India, auto LPG sector registered sales growth of 4.9 per cent in
the fiscal year 2016-17. Moreover, the sales volume growth was
about 8.18 per cent in March 2017, as against March 2016. In
addition, the auto LPG sales in India grew to 346 TMT in 2016-17, in
comparison to 330 TMT in 2015-16
Domestic gas production and imports (bcm)
32
32
45
51
47
40
35
33
32
31
11 11
12
13 18
17
17 21.6 22.7
25
0
10
20
30
40
50
60
70
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
Gas production Gas Imports
12. For updated information, please visit www.ibef.orgOil and Gas12
UPSTREAM SEGMENT: CRUDE OIL AND GAS
PRODUCTION (1/2)
24855
23716
22561
22246
22264
22368
22218
3572 3847
3661 3466 3412 3226 3480
5263
10527
11640
12076
11785
11356
10839
0
5000
10000
15000
20000
25000
30000
35000
40000
FY11 FY12 FY13 FY14 FY15 FY16 FY17
ONGC OIL Pvt/JV
Source: Ministry of Petroleum and Natural Gas, Aranca Research, petroleum.nic.in;
Notes: mmt – Million Metric Tonne, JV – Joint Venture P - Provisional
Crude Oil Production (“000” Tonnes)
11809
16411
18016
19431
19536
18472
17853
17588
19794
19116
17918
16230
16330
17419
19089
18421
0
5000
10000
15000
20000
25000
30000
35000
40000
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Onshore Offshore
Annual crude oil production (“000” Tonnes)
In 2016-17, crude oil production stood at 36 million tonnes.
ONGC accounted for 61.7 per cent of total crude oil production in India.
13. For updated information, please visit www.ibef.orgOil and Gas13
UPSTREAM SEGMENT: CRUDE OIL AND GAS
PRODUCTION (2/2)
23095
23316
23549
23284
22023
21177
22088
2350 2633 2639 2626 2722 2838 2937
26774
21609
14491
9497
8912
8235
6872
0
10000
20000
30000
40000
50000
60000
FY11 FY12 FY13 FY14 FY15 FY16 FY17
OIL ONGC Pvt/JV
Source: Ministry of Petroleum and Natural Gas; Aranca Research
Note: bcm – Billion Cubic Metres, mmscmd-- Million Metric Standard Cubic Meter Per Day, JV – Joint Venture
Annual gas production (million metric standard cubic meter)
8685
8574
9084
8877
9012
8797
9237
9294
38811
43645
38475
31802
26395
24861
23012
22038
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
Onshore Offshore
Annual gas production (million metric standard cubic meter)
Total gas production in FY17 was 31.21 bcm.
Annual gas production increased between FY09-10 and FY16-17, reaching 31,896 mmscm
14. For updated information, please visit www.ibef.orgOil and Gas14
UPSTREAM SEGMENT: EXPLORATION AND
DEVELOPMENT ACTIVITIES
40
105
105
320
0
50
100
150
200
250
300
350
400
450
Offshore Onshore
Wells Meterage
Source: Ministry of Petroleum and Natural Gas, Aranca Research, BMI
Notes: 1 - Provisional
Exploration activities (FY16(1)) (‘000 metres)
41
320
107
587
0
100
200
300
400
500
600
700
800
900
1000
Offshore Onshore
Wells Meterage
Development drilling activities (FY16(1)) (‘000 metres)
During FY16(1), 1,118,000 metres of wells were explored and developed in India, during the same period, 506 wells were drilled in the country
State-owned oil companies undertake most of the upstream drilling and exploration work
ONGC, the leader in the upstream segment, accounts for 61.7 per cent of India’s total crude oil output
15. For updated information, please visit www.ibef.orgOil and Gas15
PIPELINES: CRUDE PIPELINE NETWORK
42.03%
34.91%
6.03%
17.03%
ONGC
IOC
OIL
Others
51.47%
11.58%
11.56%
25.38%
IOCL
OIL
ONGC
Others
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Note: km – Kilometre, mmtpa – Million Metric Tonnes Per Annum, (1) Approximate
Shares in crude pipeline network by length (out of 10,299km)
(August 2017)1
Shares in crude pipeline network by capacity (out of 139.2
MMTPA) (August 2017)1
As on 1st September 2017, India had a network of 10,299 km of crude pipeline having a capacity of 139.2 mmtpa(1)
In terms of length, IOCL accounts for 51.47 per cent (5,307 km) of India’s crude pipeline network in September 2017.
In terms of actual capacities, ONGC leads the pack with a share of 42.03 per cent, followed by IOCL at 34.91 per cent
16. For updated information, please visit www.ibef.orgOil and Gas16
Pipelines: Existing Pipelines in India
IOCL BPCL(1) HPCL(2) OIL ONGC(3) Cairn HMEL Others (GAIL and Petronet India.) Total industry
Length (Kms)
Product
Pipeline
7,503 1,936 3,333 654 - - - 2,688 16,114
Crude oil
Pipeline
5,301 937 - 1,193 1,191 660 1,017 - 10,299
Total 12,804 2,873 3,333 1,847 1,191 660 1,017 2,688 26,413
Capacity of Crude Oil Pipelines (MMTPA)
Product
Pipeline
48.6 14.9 34.6 1.7 - - - 9.3 105.6
Crude oil
Pipeline
40.4 6.0 - 8.4 58.5 8.7 9.0 - 139.2
Total 89.0 20.9 34.6 10.1 58.5 8.7 9.0 9.3 227.3
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Note: kms – Kilometres, mmtpa – Million Metric Tonnes Per Annum, (1) Includes Petronet Cochin-Coimbatore-Karur Product pipeline, (2) Includes Petronet Mangalore-Hassan-Bangalore
Product Pipeline, (3) Source: PPAC, (4) Approximately, Data is as on 1st September, 2017
17. For updated information, please visit www.ibef.orgOil and Gas17
PIPELINES: REFINED PRODUCTS AND LPG PIPELINE
NETWORK
67.32%
10.84%
15.87%
4.97%
1.00%
GAIL
Reliance
GSPL
ARN
Others
46.56%
20.68%
12.01%
4.06%
16.68%
IOC
HPCL
BPCL
OIL
Others
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Shares in product pipeline network under operation by length
(out of 16,114km, FY182)
Shares in Natural Gas pipeline network by length (out of 16,454
km) (FY183)
With 16,114 km of refined products pipeline network (capacity of 105.6 mmtpa) in India, Indian Oil Corporation (IOC) leads the segment with 46.56
per cent of the total length of product pipeline network in September 2017.
Top 3 companies IOC, HPCL and BPCL contribute 79.25 per cent of the total length of product pipeline network in the country.
In September 2017, Gas Authority of India Ltd. (GAIL) has largest share (67.32 per cent or 11,077 km) of the country’s natural gas pipeline
network (16,454 km)
Note: km - Kilometre, mmtpa – Million Metric Tonnes Per Annum, LPG - Liquefied Petroleum Gas, IOC - Indian Oil Corporation, HPCL - Hindustan Petroleum Corporation Ltd, BPCL -
Bharat Petroleum Corporation Ltd, OIL - Oil India Limited, (1)Others include GAIL and Petronet India, (2)As of September 2017, (3)As of August 2017, (4)Others include IOCL and ONGC
1
4
18. For updated information, please visit www.ibef.orgOil and Gas18
DOWNSTREAM SEGMENT: REFINERY CRUDE
THROUGHPUT… (1/2)
112.5 112.2 112.1 115.3
120.9 120.3 119.5 121.4
126.3
90
44
49
81 82
81
88 88 88
89
53
0
50
100
150
200
250
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Public sector Private sector
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Note: mmt – Million Metric Tonne, (1)Upto July 2017
State-controlled entities dominate the downstream segment as well
India has 19 refineries in the public sector and 3 in the private sector
Private companies such as Reliance Industries Ltd. and Essar Oil
have become major refiners
In 2017, up to July, public sector refineries accounted for 63 per cent
of total refinery crude throughput
Private sector refineries’ total crude throughput grew at a CAGR of
9.28 per cent, reaching to 88.7 mmt during FY08-16.
Visakhapatnam port traffic (million tonnes)Refinery crude throughput (mmt)
1
19. For updated information, please visit www.ibef.orgOil and Gas19
DOWNSTREAM SEGMENT: REFINERY CRUDE
THROUGHPUT… (2/2)
Shares in India's total refining capacity (FY17)
135.1
120.1
139.5
80
80
95
0
50
100
150
200
250
FY15 FY16 FY17
Public sector Private sector
Source: Ministry of Petroleum and Natural Gas, PPAC, Aranca Research
Total installed capacity FY17 (mmt)
Note: mmt – Million Metric Tonne; HPCL - Hindustan Petroleum Corporation Ltd, BPCL - Bharat Petroleum Corporation Ltd, OIL - Oil India Limited, ONGC - Oil and Natural Gas
Corporation, IOCL - Indian Oil Corporation Ltd, CPCL - Chennai Petroleum Corporation Limited, Others include: NRIL - Numaligarh Refinery Limited, MRPL - Mangalore Refinery and
Petrochemicals Limited, RPL - Renegade Petroleum Ltd, EOL - Essar Oil Ltd, ONGC, BORL, HMEL
In FY17, the sector’s total installed provisional refinery capacity was 243.5 mmt. IOC emerged as the largest domestic refiner with a capacity of
69.2 mmt
Top three companies - RIL, IOC and BPCL contribute around 65.5 per cent of India's total refining capacity
25.59%
29.51%10%
6.70%
5.12%
22.68%
RIL IOC
BPCL HPCL
CPCL Others
20. For updated information, please visit www.ibef.orgOil and Gas20
DOWNSTREAM SEGMENT: PETROLEUM PRODUCTS
Consumption of petroleum products in India stood at 183.5 mmt in
FY15, 184.6 mmt in FY 16 and 193.75 mmt in FY17.
Petroleum products derived from crude oil include light distillates
such as LPG, naphtha; middle distillates such as kerosene; and
heavy ends such as furnace, lube oils, bitumen, petroleum coke and
paraffin wax
Light distillates with the highest growth rate grew at CAGR of 4.78
per cent, while middle distillates and heavy end segment witnessed a
CAGR of 3.93 per cent and 5.89 per cent respectively, during the
year FY08-17.
During FY17, the production of petroleum products by fractionators
was 3,458 thousand metric tonnes.
Consumption of Petroleum Products FY17 (mmt)
38.4 39.7 39.0 41.4 43.9 46.3 47.6 50.9 54.7 58.5
62.8
66.4
71.1
75.0
79.4
82.7
81.8
82.8
81.9
88.9
27.7 27.5 27.7 24.6 24.9 28.1 29.0 31.4 31.6
46.4
0.0
50.0
100.0
150.0
200.0
250.0
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
Light Distillates Middle Distillates Heavy Ends
Source: Ministry of Petroleum and Natural Gas, Aranca Research
3,996
4,084
4,191
4,363
4,169
4,175
4,089
3,872
3,657
3,377
3,458
0
1000
2000
3000
4000
5000
FY
07
FY
08
FY
09
FY
10
FY
11
FY
12
FY
13
FY
14
FY
15
FY
16
FY
17
Production of Petroleum Products by Fractionators (tmt)
Note: mmt – Million Metric Tonne, tmt – thousand metric tonne
21. For updated information, please visit www.ibef.orgOil and Gas21
DOWNSTREAM SEGMENT: DISTRIBUTION AND
MARKETING
85.1
89.6
97.7
104.5
105.6
109.72
97.36
97.36
96.61
107.58
0.0
50.0
100.0
150.0
200.0
250.0
FY14 FY15 FY16 FY17 FY18
Product pipeline Natural Gas Pipeline
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Downstream distribution statistics (MMT)
Pipeline
Capacity (mmtpa)
As of August 1, 2017
Length (km)
As of August 1, 2017
Product Pipeline 105.6 16,114
Natural Gas Pipeline 107.58 16,454
Note: MMT – Million Metric Tonne, mmtpa – Million Metric Tonnes Per Annum, OMC – Oil Marketing Companies, 1As of September 2017
In FY16, total consumption of petroleum products by companies
stood at around 183.5 MMT, higher by 11.2 per cent in comparison
with the previous fiscal year
The total number of OMC retail outlets increased to 53,522 (including
private) in November 2016 from 53419 in April 2015
IOC, as of November 2016, owned the maximum number of retail
outlets in the country (47.38 per cent of total), followed by HPCL
(25.64 per cent) and BPCL (26.40 per cent); the remaining being
owned by private firms
As of November 2016, there were 18,390 LPG distributors in India.
1
22. For updated information, please visit www.ibef.orgOil and Gas22
INDIA’S ENERGY CONSUMPTION MIX … (1/2)
Source: US Energy Information Administration (EIA), BP Statistical Review 2015, Asia-Pacific Economic Cooperation (APEC), Aranca Research
Energy demand in the Asia-Pacific region is estimated to be around 5,579.7 Mtoe at the end of 2016 and is expected to reach 5,627 Mtoe by 2020
and 6,861 Mtoe by 2035
India’s energy demand is projected to double to 48.7 quadrillion BTU by 2035
The primary energy consumption of India rose by 5.66 per cent in 2016 and 3.24 per cent in 2015.
In 2016, coal maintained its dominancy and accounted for 56.9 per cent of total primary energy demand.
Note: Mtoe – Million Tonne of Oil Equivalent, BTU – British Thermal Unit; Figures mentioned in this slide is as per latest data available
23. For updated information, please visit www.ibef.orgOil and Gas23
INDIA’S ENERGY CONSUMPTION MIX … (2/2)
42.00%
24.00%
15.00%
11.00%
8.00%
Coal
Petroleum
Solid Biomass and
Waste
Natural Gas
Nuclear and other
renewables
Source: International Energy Agency (IEA), Aranca Research
Consumption pattern expected in 2035 Over the next few years, dependence on gas, hydro power and
nuclear power is expected to increase relative to oil and coal
The government aims to quadruple India’s nuclear power generation
capacity to 20 GW by 2020; currently, 7 nuclear power reactors of
4,930 MWe capacity are under construction
In coming decades, a major portion of consumption dependability of
energy mix is expected to shift from coal and petroleum to other
resources like natural gas, solid biomass and waste and nuclear and
other renewable sources
Note: 1As of September 2017
24. For updated information, please visit www.ibef.orgOil and Gas24
STATE-WISE CRUDE RESERVE, CAPACITY AND
THROUGHPUT
Source: Ministry of Petroleum and Natural Gas, Aranca Research
State
Balance recoverable reserves
of crude oil, 2016 (MMT)
Assam 160.79
Gujarat 121.16
Rajasthan 31.72
Andhra Pradesh 10.90
Tamil Nadu 8.99
Arunachal Pradesh 1.57
Nagaland 2.38
Tripura 0.07
Total Onshore 337.59
Western Offshore 247.13
Eastern Offshore 36.39
Total Offshore 283.53
State
Installed capacity,
as of April 2017 (mt)
Crude throughput for
FY 2017 (mmt)
Gujarat 93.7 105.01
Maharashtra 19.5 22.05
Haryana 15.0 15.64
Karnataka 15.0 15.97
Tamil Nadu 1.5 0.53
Kerala 12.4 11.82
Andhra Pradesh 8.396 9.42
Uttar Pradesh 8.0 9.23
West Bengal 7.5 7.69
Assam 7.0 6.57
Bihar 6.0 6.53
Punjab 9.0 10.52
Madhya Pradesh 6.0 6.36
Odisha 15 8.23
Himachal Pradesh 10.5 9.76
Total 234.496 245.33
Note: Mmt – Million Metric Tonne, mt – Million Tonne
25. For updated information, please visit www.ibef.orgOil and Gas25
KEY DOMESTIC OIL AND GAS COMPANIES
Source: Bloomberg, Aranca Research
Company
Ownership
(per cent) as on FY16-17
FY17 turnover
(US$ billion)
Indian Oil Corporation Limited
57.34%
state-owned
55.29
Reliance Industries Public Listed 48.46
Bharat Petroleum Corporation
Limited
54.93%
state-owned
31.13
Hindustan Petroleum
Corporation Limited
51.11%
state-owned
29.26
ONGC
68.07%
state-owned
11.99
GAIL India Limited
54.97%
state-owned
7.68
Oil India Limited(1)
66.60%
state-owned
1.69
Note: : FY – Indian Financial Year, April–March (1) - Data for half year ended September 2015
26. For updated information, please visit www.ibef.orgOil and Gas26
KEY INTERNATIONAL OIL and GAS COMPANIES
OPERATING IN INDIA
Source: Indian counterpart, Bloomberg, Aranca Research, Company websites
Company
Ownership
(per cent)
Global turnover
(2016) ( US$ billion)
Cairn India Pvt Ltd Private Sector 0.639
Shell Private Sector 233.6
BP Private Sector 186
27. For updated information, please visit www.ibef.orgOil and Gas27
NOTABLE TRENDS IN THE OIL AND GAS SECTOR
Government approved the CBM policy in 1997 to boost the development of clean and renewable energy
resources
The CBM policy was designed to be liberal and investor friendly; the 1st commercial production of CBM was
initiated in July 2007 at about 72,000 cubic metres per day
Coal Bed Methane
(CBM)
The technology was first widely used in the US in the 1800s and in India (Kolkata and Mumbai) in the early
1900s
UCG is currently the only feasible technology available to harness energy from deep unmineable coal seams
economically in an eco-friendly manner and it reduces capital outlay, operating costs and output gas
expenses by 25–50 per cent vis-à-vis surface gasification
Underground Coal
Gasification (UCG)
The government initiated the National Gas Hydrate Programme (NGHP), a consortium of national E and P
companies and research institutions, to map gas hydrates for use as an alternate source of energy
Bio-fuels (bio-ethanol and bio-diesel) are alternate sources of energy from domestic renewable resources;
these have lower emissions compared to petroleum or diesel
Gas hydrates and bio-
fuels
The Open Acreage Licensing Policy (OLAP), which allows an explorer to study the data available and bid for
blocks of his choice has been initiated in parallel with NELP to increase foreign participation by global E and P
companies like Shell, BP, Conoco Phillips etc
Open Acreage Licensing
Policy
29. For updated information, please visit www.ibef.orgOil and Gas29
Porter’s Five Forces Framework Analysis
Medium - Bargaining power is
medium as despite few players
operating, government at times delays
subsidy payment to oil companies,
thereby increasing losses
Bargaining Power of Suppliers
Low - Threat is low, as other sources
of energy like solar, wind, coal and
hydro electric power are less
developed. Pressure from alternative
sources might rise in future
Threat of Substitutes
Low - Competitive rivalry is low as
just one-two players operate in
Upstream, Midstream and
Downstream segments
Although a few private operators have
entered the industry in the last couple
of years, they do not pose any major
threat as of now
Competitive Rivalry
Low - Threat of new entrants
continues to be low, due to the capital
intensive nature of the industry and
economies of scale
Threat of New Entrants
Low - Customers have low/non
existent bargaining power
Customers are price-taker not a price
maker
Bargaining Power of Buyers
Positive Impact
Neutral Impact
Negative Impact
Source: Aranca Research
31. For updated information, please visit www.ibef.orgOil and Gas31
STRATEGIES ADOPTED … (1/2)
Expansions
Source: Aranca Research
Diversification
Open Acreage Licensing Policy
Indian Oil Corp plans to make an investment of US$22.91 billion, including US$7.64 billion for expanding its existing
brownfield refineries, in the next 5 to 7 years. Moreover, the company plans to lay the nation's longest LPG pipeline of
1987 km, from Gujarat coast to Gorakhpur in eastern Uttar Pradesh, to cater to growing demand for cooking gas in the
country
State run energy firms Bharat Petroleum, Hindustan Petroleum and Indian Oil Corp plan to spend US$ 20 billion on refinery
expansions to add units, by 2022
India targets US$100 billion worth investments in gas infrastructure by 2022, including an addition of another 228 cities to
city gas distribution (CGD) network. This would include setting up of RLNG terminals, pipeline projects, completion of the
gas grid and setting up of CGD network in more cities.
In March 2017, the Petroleum and Natural Gas Minister organised an event at CERA Week 2017 in Houston, to promote
India’s new Hydorcarbon Exploration and Licensing Policy (HELP).
As of May 2017, the Indian government is in talks with major Asian countries including China, South Korea, Taiwan and
Japan to push for an Asian Natural Gas Trading Company in order to reduce the impact of oil price volatility on the Asian
market.
In August 2017, the Board of Indian Oil approved its expansion of its Gujarat refinery from 13.7 MMTPA to 18 MMTPA at a
cost of US$ 2.31 billion.
The country’s state owned oil companies aim to sustain spending at a 3 year high due to increasing demand and declining
oil services costs. In 2017, Hindustan Petroleum plans to increase its spending by 17 per cent and Indian Oil by 25 per
cent.
Oil companies are focusing on vertical integration for next stage of growth. For instance, oil producer Oil India Ltd is
planning to build and operate refineries, while Indian Oil is planning to enter oil and gas exploration
As of March 2017, Bharat Petroleum Corp. Ltd. (BPCL), an Indian state-controlled oil and gas company, plans to enter the
country’s travel business with the launch of its startup named as “Happy Roads”. The app,which is available on Android
Play Store, documents itineraries and assists the users in planning a fun-filled trip
32. For updated information, please visit www.ibef.orgOil and Gas32
STRATEGIES ADOPTED … (2/2)
Source: India Banking Association, Reserve Bank of India, Aranca Research
Notes: ATM - Automated Teller Machine, FIP – Financial Inclusion Plan, RBI – Reserve Bank of India
Move to non-
conventional energy
resources
Companies are looking forward to developing JVs and technical partnership with foreign companies to improve capabilities
to develop shale reserves
Investments to enhance
production
Indian companies are enhancing production through redevelopment plans to increase recovery rates of hydrocarbon from
oil wells; ONGC in Mumbai High achieved success in implementing this.
Bharat Petroleum Corporation (BPCL) has planned to invest US$ 1.53 billion during FY17 to enhance and expand its
refining capacity
More focus upon small
companies
Private sector units like Adani, Sun Petrochemicals and few new entrants have bagged 1/3rd of small oil and gas fields.
In February 2017, Genesis, London, bagged a contract from RIL’s (Reliance Industries) to design deep water field front
end engineering at KG Basin in West India.
Pilot project Initiated for
Shale Gas Production in
India
Oil and Natural Gas Corp (ONGC) has started Shale Gas exploration by spudding the first Shale Gas well RNSG-1 in
Burdwan District of West Bengal.
Piped Cooking Gas
By March 2017, state-owned natural gas company, GAIL, plans to start distributing piped cooking gas in Bhubaneswar and
Varanasi.
As of August 2017, Indian Oil has initiated doubling of its capacity of gas and piped natural networks from15,000km to
30,000km.
34. For updated information, please visit www.ibef.orgOil and Gas34
GROWTH DRIVERS … (1/2)
Robust domestic market;
expected to expand
Source: Ministry of Petroleum and Natural Gas, US Energy Information Administration, BP Statistical Review of World 2015 Energy, June 2012; BMI, Aranca Research
Notes: TCM - Trillion Cubic Metres, EandP - Exploration and Production
India is the world’s 4th largest energy consumer
Oil consumption is expected to rise by 42.5 per cent during 2010–20
The country is the 4th largest importer of LNG
Increasing demand for
natural gas
Several industries are increasing the usage of natural gas in operations; this has boosted natural gas demand in India
Some of the main industries that use natural gas are pulp, paper, metals, chemicals, glass, plastic and food processing
Abundant raw material
The nation has large coal, crude oil and natural gas reserves
Proven Oil reserves amounted to 600MMT in 2016
Proved reserves of natural gas stood at 1.2 tcm in 2016
Favourable policies
The government has allowed 100 per cent FDI in E and P projects/companies; and 49 per cent in refining under the
automatic route from the earlier approval route
It has also introduced policies to promote investments in the industry such as New Exploration Licensing Policy (NELP)
and Coal Bed Methane (CBM)
Huge investments
Investments worth US$ 75 billion is expected across the oil and gas value chain under the erstwhile 12th Plan (2012–17)
ONGC plans to incure capital expenditure of US$ 4.31 billion in FY2017-18, for developing their offshore oil and gas fields
in Gamji, Bassein, Daman on the West coast and Vasishta and Nagyalanka on the East coast.
35. For updated information, please visit www.ibef.orgOil and Gas35
Several domestic companies (such as ONGC, Reliance and Gujarat State Petroleum) have reportedly found natural gas in
deep waters
In March, ONGC started production at two oil wells located in Jorhat, Assam. These oil wells were discovered in 2016-17,
and are producing 50 tonnes per day, which increased the overall production of Jorhat asset from 350 tonnes per day to
400 tonnes per day.
In April 2017, ONGC claimed to have made 23 new gas and oil discoveries in the fiscal 2016-17 and the company has set
new record in exploring and production activities.
In June 2017, Oil India Ltd. has made a oil discovery in the Baghjan area of upper Assam basin. The discovery was made
by Baghjan Petroleum Mining Lease (PML).
Natural gas discoveries
GROWTH DRIVERS … (2/2)
The nation offers abundant skilled labour at much competitive wages compared to other countries
The University of Petroleum and Energy Studies in Dehradun, Uttarakhand, is Asia’s first and only energy university
In August 2017, country’s natural gas pipeline network spanned over 16,454 km in length and the proposed expansion of
30,000 kms is envisaged by 2018-19
Skilled labour
Massive gas pipeline
network
Source: Ministry of Petroleum and Natural Gas, BMI, Aranca Research
Notes: Kms- Kilometres
36. For updated information, please visit www.ibef.orgOil and Gas36
REGULATORY OVERVIEW OF THE INDUSTRY… (1/2)
Pricing of CNG and PNG
by CGD Entities (2014)
Source: Ministry of Petroleum and Natural Gas, Aranca Research
In 2014, the pricing for CNG (transport) and PNG (domestic) were examined by the Ministry of Petroleum and Natural Gas
while the disclosure of prices of the CNG and PNG commodities were made compulsory
The Policy on Shale Gas
and Oil, 2013
Allows companies to apply for shale gas and oil rights in their petroleum exploration licenses and petroleum mining leases
Shale Gas and Oil
Exploration Policy
Approved in September 2013, it allows companies to explore energy resources trapped within rocks to meet India’s
growing energy needs
The National Biofuel
Policy, 2009
Promotes bio-fuel usage, the Government of India has provided a 12.36 per cent concession on excise duty on bio-ethanol
and exempted bio-diesel from excise duty
Integrated Energy Policy
(IEP), 2006
Outlines goals to deal with challenges faced by India’s energy sector
37. For updated information, please visit www.ibef.orgOil and Gas37
REGULATORY OVERVIEW OF THE INDUSTRY… (2/2)
Petroleum and Natural
Gas Regulatory Board
(PNGRB) Act, 2006
Source: Ministry of Petroleum and Natural Gas, Aranca Research
Notes: NELP - New Exploration Licensing Policy
Regulate refining, processing, storage, transportation, distribution, marketing and sale of petroleum, petroleum products
and natural gas
Auto Fuel Policy, 2003
Provide a roadmap to comply with various vehicular emission norms and corresponding fuel quality upgrading
requirements over a period of time
National Biofuel Policy,
2002
A 16 per cent concession on the excise duty on bio-ethanol and exemption of bio-diesel from excise duty to promote bio-
fuel usage
Freight Subsidy (for far-
flung areas) Scheme,
2002
Compensate public sector Oil Marketing Companies (OMCs) for the freight incurred to distribute subsidised products in far-
flung areas
Domestic Natural Gas
Pricing Formula, 2014
New domestic natural gas pricing formula has been formed, which will be revised on an half yearly basis.
38. For updated information, please visit www.ibef.orgOil and Gas38
FDI INVESTMENTS IN PETROLEUM AND GAS IN INDIA
Source: : Department of Industrial Policy and Promotion, Aranca Research
2.70
3.20
3.30
5.40
5.50
6.60
6.67
6.85
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
115.70
129.80
170.54
193.40
217.70
248.63
265.26
331.99
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
CAGR 15.87%CAGR 14.22%
Cumulative FDI inflows in India’s petroleum and natural gas sector stood at US$ 6,861.66 million (2 per cent of total FDIs) during April 2000 -June 2017.
Between FY10 and FY17 (April 2000 – June 2017), FDI inflows into petroleum and natural gas sector grew at CAGR 14.25 per cent.
Cumulative FDI inflows into petroleum and natural gas (US$
billion)
Cumulative FDI inflows into India (US$ billion)
39. For updated information, please visit www.ibef.orgOil and Gas39
MandA ACTIVITIES IN THE INDIAN OIL AND GAS
SECTOR
Source: Thomson Banker
Date announced Acquirer name Target name Value of deal (US$ million)
Dec 2016 Oil and Natural Gas Corp's Gujarat State Petroleum Co's 1200
Dec 2015 ONGC Videsh Ltd (OVL) Vankor oil field 1260
Jan 2015 Bharat Forge Mecanique Generale Langroise 12.82
Jun 2014 Gulf Petrochem Ltd Sah Petroleums Limited 7.13
Mar 2014 IOCL Progress Energy Canada Ltd Not disclosed
Oct 2013 ONGC Videsh Ltd Parque das Conchas, Brazilian Oilfield 529
Jun 2013
ONGC Videsh Ltd (in partnership
with Oil India Ltd)
Rovuma Area 1 Offshore Block 2640
Nov 2012 ONGC Videsh ConocoPhillips (Kashagan Field) 5,000.0
Nov 2012 Inpex Corp
Oil and Natural Gas Corp’s exploration block
KG-DWN-2004/6
Not disclosed
Sep 2012 ONGC Videsh Hess Corp (Azrei oilfield) 1,000.0
Apr 2012 Trafigura Pte Ltd Nagarjuna Oil Co Ltd 130.0
Apr 2011 Sesa Goa Ltd Calm India Ltd 1,492.0
Feb 2011 BP PLC Reliance Industries Ltd 9,000.0
Aug 2010 BPRL EP413 13.4
Aug 2010 Sesa Goa Ltd Cairn India Ltd 1,180.8
Aug 2010 Vedanta Resources PLC Cairn India Ltd 6,568.5
Aug 2010 Reliance Industries Ltd Marcellus Shale Natural Gas 391.6
41. For updated information, please visit www.ibef.orgOil and Gas41
OPPORTUNITIES
Locating new fields for exploration: 78 per cent of the country’s sedimentary area is yet to be explored
Development of unconventional resources: CBM fields in the deep sea
Opportunities for secondary/tertiary oil producing techniques
Higher demand for skilled labour and oilfield services and equipment
Expansion in the transmission network of gas pipelines
LNG imports have increased significantly; this provides an opportunity to boost production capacity
In light of mounting LNG production, huge opportunity lies for LNG terminal operation, engineering,
procurement and construction services
Midstream segment
India is already a refining hub with 21 refineries and expansions planned for tapping foreign investment in
export-oriented infrastructure, including product pipelines and export terminals
Development of City Gas Distribution (CGD) networks, which are similar to Delhi and Mumbai’s CGDs
Expansion of the country’s petroleum product distribution network
Downstream segment
Upstream segment
42. For updated information, please visit www.ibef.orgOil and Gas42
SHALE GAS PROSPECTS OF INDIA
Source: EandY; Ministry of Petroleum and Natural Gas, Aranca Research
India has technically recoverable shale gas resources of nearly 96 tcf.
The Cambay, Krishna Godavari, Cauvery and the Damodar Valley are the most prospective sedimentary basins for carrying out shale gas
activities in the country
Around 20 tcf of gas has been classified as technically recoverable reserves in the Cambay basin in Gujarat (the largest basin in the country)
spread across 20,000 gross square miles with a prospective area of 1,940 square miles
It is estimated that the Krishna Godavari (KG) basin encloses a series of organically rich shales, containing around 27 tcf of technically
recoverable gas. KG basin, located in Eastern India, holds the country’s largest shale gas reserves, extending over 7,800 gross square miles with
a prospective area of around 4,340 square miles
In April 2013, the Directorate General of Hydrocarbons (DGH) submitted its policy on exploitation of shale gas to the Ministry of Petroleum and
Natural Gas
India launched its policy on shale gas exploration to tap the non-conventional energy resource in order to boost output
Notes: tcf – Trillion Cubic Feet
44. For updated information, please visit www.ibef.orgOil and Gas44
IOCL: FLAGSHIP OF INDIAN REFINING
Source: Company reports, Aranca Research
Notes: bbl - barrel
Indian Oil Group of Companies owns and operates 10 of India’s 22 refineries with a capacity of 1.614 mbpd
In September 2017, its network of crude oil and product pipelines runs to about 12,804 Km
Subsidiary CPCL accounts for 49 per cent of market share in petroleum products
In FY17, the gross refining margin (GRM) was estimated to be US$ 7.77 per bbl as compared to US$ 5.06 per bbl in FY15
In May 2017, Indian Oil Corporation revealed its fourth quarter profit for the fiscal 2016-17. The profits surged 85 per cent to reach US$553.47
million.
Second-largest player in
India’s petrochemical
market
Has interests in 13
domestic and 11 overseas
blocks
Foraying into alternative
sources of energy like wind
and solar
Turnover US$ 65.3 billion
EBITDA US$ 3.5 billion
Net profit US$ 1.7 billion
FY 17
US$ 61.04 billion
US$ 2.7 billion
US$ 2.7 billion
FY 16
45. For updated information, please visit www.ibef.orgOil and Gas45
RELIANCE INDUSTRIES: WELL POSITIONED FOR
GROWTH
Source: Company reports, Aranca Research
Notes: (1) Revenue fallen due to negative translation effect, Data from April – June 2016
US$ 45.23 billion
US$ 7.9 billion
US$ 4.2 billion
US$ 47.39 billion
US$ 6.34 billion
US$ 4.64 billion
Reliance Industries has the biggest petrochemical refining complex in the world
It contributes 14 per cent to India's exports and is going to invest around US$ 30 billion to improve its businesses in the next 3 years
For FY17, Reliance Industries recorded profit of US$ 48.46 billion.
Exports surged by 4.5 per
cent to US$ 46 billion in
2016
Record crude throughput at
69.6 million tonnes
US shale: Shale Gas
Production in FY16 205
Bcf.
FY 16
Turnover
EBITDA
Net profit
FY 17
47. For updated information, please visit www.ibef.orgOil and Gas47
MandA ACTIVITIES IN THE INDIAN OIL AND GAS
SECTOR
Name Address Contact person Telephone E-mail
Oil Industry
Development Board
(OIDB)
301, World Trade Centre, Babar
Road, New Delhi – 110001
Mr T S Balasubramanian,
Financial Adviser and Chief
Accounts Officer
91-11- 23413298
91-11- 23414692
oidb@hotmail.com
Petroleum Conservation
Research Association
(PCRA)
Sanrakshan Bhavan, 10 Bhikaji Cama
Place, New Delhi – 110066
Mr Arun Kumar, ED
91-11- 26198799
Ext.301
pcra@pcra.org
Bureau of Energy
Efficiency (BEE)
Ministry of Power, 4th floor, SEWA
Bhawan, RK Puram,
New Delhi – 110066
Dr Ajay Mathur, Director
General
91-11- 26178316,
91-11- 26179699
dg-bee@nic.in,
amathur@beenet.in
Oil Industry Safety
Directorate
Ministry of Petroleum and Natural
Gas, 7th
floor, “New Delhi House”, 27
Barakhamba Road, New Delhi –
110001
Mr J B Verma, ED 91-11- 23316798 verma.jb@gov.in
Petroleum Planning and
Analysis Cell (PPAC)
Ministry of Petroleum and Natural
Gas, 2nd
floor, Core-8, SCOPE
Complex, 7 Institutional Area, Lodhi
Road, New Delhi – 110003
Dr Basudev Mohanty, Director
91-11- 24362501,
91-11- 24361380
-
Directorate General of
Hydrocarbons
Ministry of Petroleum and Natural
Gas, C-139, Sector 63, Noida –
201301
Mr S K Srivastava, Director
General
0120 - 4029401 dg@dghindia.org
48. For updated information, please visit www.ibef.orgOil and Gas48
GLOSSARY
B/D (or bpd): Barrels Per Day
MBPD (or mbpd): Million Barrels Per Day
BCM (or bcm): Billion Cubic Metres
CBM: Coal Bed Methane
CGD: City Gas Distribution
EandP: Exploration and Production
FDI: Foreign Direct Investment
FY: Indian Financial Year (April to March)
• So FY12 implies April 2011 to March 2012
GoI: Government of India
INR: Indian Rupee
LNG: Liquefied Natural Gas
MMT (or mmt): Million Metric Tonne
MMTPA (or mmtpa): Million Metric Tonnes Per Annum
EBITDA: Earning Before Interest Taxes Depreciation Amortisation
NRL: Numaligarh Refinery Limited
CPCL: Chennai Petroleum Corporation Limited
HPCL: Hindustan Petroleum Corporation Limited
BPCL: Bharat Petroleum Corporation Limited
49. For updated information, please visit www.ibef.orgOil and Gas49
GLOSSARY
IOC: Indian Oil Corporation Ltd
EOL: Essar Oil Ltd
RPL: Reliance Petroleum Limited
MRPL: Mangalore Refinery and Petrochemicals Limited
PCCK: Petronet Cochin-Coimbatore-Karur
PMHB: Petronet Mangalore-Hassan-Bangalore
NELP: New Exploration Licensing Policy
TOE (or toe): Tonnes of Oil Equivalent
US$ : US Dollar
ONGC: Oil and Natural Gas Corporation of India
IOCL: Indian Oil Corporation Limited
mn bbl: Million Barrels
CAGR: Compound Annual Growth Rate
JV: Joint Venture
UCG: Underground Coal Gasification
NGL: Natural Gas Liquids
OMCs: Oil Marketing Companies
NHGP: National Gas Hydrate Programme
Wherever applicable, numbers have been rounded off to the nearest whole number
50. For updated information, please visit www.ibef.orgOil and Gas50
EXCHANGE RATES
Year INR Equivalent of one US$
2004–05 44.81
2005–06 44.14
2006–07 45.14
2007–08 40.27
2008–09 46.14
2009–10 47.42
2010–11 45.62
2011–12 46.88
2012–13 54.31
2013–14 60.28
2014-15 61.06
2015-16 65.46
2016-2017E 67.23
Year INR Equivalent of one US$
2005 43.98
2006 45.18
2007 41.34
2008 43.62
2009 48.42
2010 45.72
2011 46.85
2012 53.46
2013 58.44
2014 61.03
2015 64.15
2016 (Expected) 67.22
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Source: Reserve bank of India, Average for the year
51. For updated information, please visit www.ibef.orgOil and Gas51
DISCLAIMER
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This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the
information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
substitute for professional advice.
Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do
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Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any
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