Indian oil and gas sector is highly regulated by the Ministry of Petroleum and Natural Gas. The ministry influences exploration, production, distribution, and marketing of companies in the sector. It also has a hand in the pricing of oil, natural gas and petroleum products to some extent. Despite the tight regulation, however, the private sector plays a major role, particularly in the downstream business.
India was the fourth largest consumer of oil and petroleum products in 2011, after the...
Keep on reading: India’s leaking oil & gas sector expected to improve with new reforms
Keep on reading: India’s leaking oil & gas sector expected to improve with new reforms