PROFILE:

The Oil Industry is a very important industry in the world and a lot depends on the price of the oil and it has been observed that whenever the oil prices increase the price of various products also increases. Oil and gas sector is one of the key catalysts in fuelling the growth of Indian economy. With a 1.2 billion population and an economy that has consistently at approximately 8 per cent annually, India's energy needs are increasing fast, warranting a robust demand for oil and natural gas in the country. India has emerged as the 5th largest refining country in the world, accounting for 4 per cent of the world's refining capacity. India exported 50 million tonnes (MT) of refined petroleum products during 2010-11. With our refining capacity increasing further, this figure is likely to touch about 70 MT by 2014, making India one of the world's major exporters of petroleum products.

RESOURCES:

Gujarat State is rich in the hydrocarbon resources and is the largest on land producer of oil and gas in country. Gujarat contributes about 18% of country’s total crude oil production. Similarly it contributes about 11% of country’s total gas production. If we compare on land crude production then it is almost 50% of crude and 40% of natural gas from the Gujarat State. Gujarat State Petroleum Corporation Ltd (GSPC) is an oil and gas exploration company in Gujarat, India. It is India's only State Government-owned oil and gas company with the Government of Gujarat holding approximately 95% equity stake. GSPC was incorporated in 1979 as a petrochemical company. Today GSPC has become a vertically integrated energy company, excelling in a wide gamut of hydrocarbon activities across India. The largest gas grid will generate opportunities for transmission and distribution of natural gas to domestic and industrial users. Three LNG terminals coming up in the state will provide the fuel for growth. Refineries and petrochemical complexes in operation, invites investment in downstream projects.

GOVERNMENT POLICIES:

The oil ministry has empowered state-run exploration firms ONGC and Oil India to choose customers for gas produced from small fields where output is less than 0.1 million standard cubic meters per day, which would reduce bureaucratic delays and help companies generate revenue expeditiously. Oil India Limited (OIL), a Government of India Enterprise, under the administrative set-up of Ministry of Petroleum and Natural Gas, is engaged in the business of exploration, production and transportation of crude oil and natural gas. The growing demand for crude oil and gas in the country and policy initiative of Government of India towards increased E&P  activity, have given a great impetus to the Indian E&P industry raising hopes of increased exploration. The government in order to increase exploration activity approved the New Exploration Licensing Policy (NELP) in March 1997 which would level the playing field in the upstream sector between private and public sector companies in all fiscal, financial and contractual matters. There will be no mandatory state participation through ONGC/OIL nor there did any carry interest of the government.   In order to increase the exploration and thereby enhance the production of oil and gas in the country the Government of India liberalized the hydrocarbon sector. With the announcement of the liberalization policy in the hydrocarbon sector by Govt. of India for the oil and gas. Pursuant to the signing of PSC many private Exploration and producing Companies started the petroleum operations in the State and thereby the activities in the hydrocarbon sector have increased. In order to cope up with the increasing activities Government of Gujarat created the Office of Directorate of Petroleum to monitor various activities of exploration and exploitation of oil and gas, their production and royalty paid thereon by various organizations in the State of Gujarat.Gujarat State Petroleum Corporation Ltd (GSPC) is an oil and gas exploration company in Gujarat, India. It is India's only State Government-owned Oil and Gas Company with the Government of Gujarat holding approximately 95% equity stake. Today GSPC has become a vertically integrated energy company, excelling in a wide gamut of hydrocarbon activities across India.

OPPORTUNITIES FOR ENTREPRENEURS:

Gujarat State is the largest on land producer of oil and gas in country. Following are some identified projects of gas and petroleum in Gujarat:

·       Refining Of Used Engine Oils for Making Base Oil

·       Wax from Slack Wax

·       Naphtha Base Solvent

·       Bitumen Emulsion For Road (cationic Type)

http://www.niir.org/profiles/profiles/z,,18,0,a/index.html

·       Gas filling of L.P.G. cylinder

·       Hydrogen Gas from Methanol Cracking

http://www.niir.org/profiles/profiles/industrial-gases/z,,23,0,a/index.html

Niir Project Consultancy Services (NPCS) provides you detailed project reports (DPR) on the above fields. Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counselling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

 Contact Us

 NIIR Project Consultancy Services (NPCS)

106-E, Kamla Nagar, New Delhi-110007, India

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