New Market Research Report: India Oil & Gas Report Q1 2014
The move to liberalise fuel prices and increase gas prices in India is expected to improve the investment climate in both the upstream gas and downstream refining sectors. We expect higher investment in offshore and unconventional gas to impact the longer term production outlook. High oil prices and a deflated rupee have impacted refiners' margins as product prices have been capped. Reducing subsidies for fuels would make the refiners profitable, though protests have taken place rejecting the price rises that...
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