Indian Crude oil Industry

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Indian Crude oil Industry

• Bharat Book Bureau

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Summary

• According to Ministry of Petroleum and
  Natural Gas, India has a total recoverable crude
  oil reserve of 757.4 million metric tonnes (mmt)
  as on March 31, 2012. This implies a reserve life
  of just 20 years taking FY12 crude oil production
  of 38.1 mmt. India has 0.3 per cent of oil and
  gas resources of the world and 18 per cent of the
  worlds population. Indias crude oil consumption
  has grown at a CAGR of 4.3 per cent for the last
  10 years driven primarily by the transportation
  sector. As crude oil supply has been largely
  stagnant, Indian crude oil industry continues to
  remain highly import dependent with imports
  constituting about 74 per cent of demand in FY
  2012. Indias oil demand is expected to grow at a
  steady rate of 4.6 per cent over FY 2014-16.
  However, crude oil production is not expected to
  keep pace with rising demand (expected to grow at
  4.3 per cent over the same period). Thus, India
  is expected to continue to rely on imported crude
  for more than 75 per cent of its needs in near
  term.

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Continue

• The report on the Indian Crude Oil
  Industry gives valuable insights intobasics of
  the industry, infrastructure, regulations, oil
  pricing, current global and domestic crude oil
  market scenario etc. The report also provides
  CARE Researchs outlook and insight into future
  trends in the industry with respect to key
  demand-supply metrics, international oil price
  trend, supply outlook from key domestic fields in
  India. For this analysis, CARE Research has
  indigenously developed its Oil Intensity Model to
  forecast global oil demand over the next three
  years. The model involves CARE Researchs
  quantitative and qualitative judgment on oil
  intensities of over 70 countries and has utilized
  GDP forecast by the International Monetary Fund
  (IMF). On the supply side, CAREResearch has used
  a combination of the decline rate methodology and
  its Oil Fields Database comprising over 230 new
  fields that are expected to come on-stream in the
  next three years.

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• The report is indispensable for any company
  in the oil industry, banks/ FIs, policy makers,
  research and academic organizations, other
  international and national agencies etc.
  Additionally, the four quarterly updates, from
  the date of subscription, alongwith this report
  would form a potent tool for the subscribers to
  keep abreast of the happenings in the industry.

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Table of Contents

• SECTION-I CARE Researchs OUTLOOK Methodolog
  yCrude oil demand estimationCrude oil supply
  estimationDemand Global oil demand to remain
  moderateOECD consumption set to declineBRIC to
  be the next power houseSupply Non-OPEC supply
  US, Canada, Brazil to lead the way Non-OPEC
  supply growth to reduce OPEC oil demandOPEC
  spare capacity to rise to 6.0 MMbpd by
  2015Demand Supply -IndiaCrude oil demand
  outlookCrude oil supply outlookPricesDemand
  side factorsSupply side factors

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Continue

• SECTION-II INDUSTRY SECTIONIntroductionOverv
  iewOil FormationCharacteristics of Crude
  OilUses of Crude Oil Crude oil reserves
  estimation methodsEP BasicsExplorationProducti
  onOil recovery techniquesTypes of offshore
  rigs Offshore drilling and production
  platformsInfrastructure International Crude
  Tanker Market

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