Oil & Natural Gas Market
Brief Study of the Oil & Gas Industry in India & Indonesia

INDIA MARKET
OIL SECTOR
India was the fifth largest consumer of oil in the world during 2006 and 2007 (According to EIA estimates). According to Oil & Gas Journal (OGJ), India had 5.6 billion barrels of proven oil reserves as of January 2007, the second-largest amount in the Asia-Pacific region (behind China).
Much of India’s crude oil reserves are located off the western coast (Mumbai High) and in the northeast of the country, although substantial undeveloped reserves are located in the offshore Bay of Bengal and in Rajasthan state. EIA estimates that India registered oil demand growth of 100,000 bbl/d during 2006. EIA forecasts suggest the country will experience similar gains during 2008.
Market Description
India’s oil sector is dominated by state-owned enterprises, although the government has taken steps in recent years to deregulate the hydrocarbons industry and encourage......

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Title: Exploration, Production &Amp;Amp; Distribution Of Oil And Natural Gas In India &Amp;Amp; Indonesia
Approximate Word Count: 3415
Approximate Pages: 14 (250 words per double-spaced page)

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