"India Oil & Gas Report Q4 2012" Now Available at Fast Market Research
BMI View: While India's upstream oil prospects appear to be limited, the discovery and ongoing development of significant gas resources has changed the import picture for the better. However, the gas sector has been thrown into turmoil as the industry struggles to assess its future LNG needs. Oil demand trends are being distorted by subsidies and price differentials and there is a requirement for continued investment in refining capacity and a growing reliance on foreign crude. Licensing remains a hit-and-miss...
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