Professional Documents
Culture Documents
Oil and Gas Industry
Oil and Gas Industry
Industry
Submitted to:- Dr. A.K. Sharma
Submitted By:-
Divye Garg (10810023)
Rahul Agarwal
(10810047)
Rishi Arora
(10810051)
Sudeep Dakua
Contents
• Why we chose Oil and Gas Industry?
• Profile of Oil and Gas Industry
• Age of Oil and Gas Industry
• Growth of Oil and Gas Industry
• Companies and their Market Share
• Current Import and Export Scenario
• Level of Competition
• Flow of Foreign Investments
• Government Policies and Regulation
• Legal Aspects
• Taxation
WHY WE CHOSE OIL AND
GAS INDUSTRY?
Why Oil and Gas Industry?
• The Indian oil and gas sector is one of the six
core industries in India.
Hydrocarbon Vision
• The Petroleum and Natural Gas Regulatory Board Act, 2006 was
enacted in April, 2006. Consequently, Government has set up in
October, 2007, the Petroleum and Natural Gas Regulatory Board
(PNGRB) to regulate the refining, processing, storage, transportation,
distribution, marketing and sale of petroleum, petroleum products
and natural gas, excluding production of crude oil and natural gas.
• Section 11 and 12 of the PNGRB Act, 2006 states the functions and
powers
Policy for Development of Natural Gas
Pipelines
• The natural gas sector is at the threshold of rapid growth.
With increased exploration efforts under NELP, large scale
discoveries of gas in the East Coast there is an
imminent need to provide a policy framework for the
growth of the pipeline infrastructure with a view to
facilitate the evolvement of a nation-wide gas grid and
the growth of city or local gas distribution networks.
•Upstream Sector
The upstream sector is also known as the Exploration and Production
of Oil and Gas. following are the laws which are directly related to
the upstream sector.
Downstream