Oil & Gas Sector

Oil & Gas Sector:
The oil and gas industry in recent years been characterized by rising consumption of oil products, declining crude production and low reserve accretion. India remains one of the least-explored countries in the world, with a well density among the lowest in the world. With demand for 100 million tonne, India is the fourth largest oil consumption zone in Asia, even though on a per capita basis the consumption is a mere 0.1 tonne, the lowest in the region- This makes the prospects of the Indian Oil industry even more exciting.

The sector is among the largest contributors to the central and state exchequers in India. Its share US$13.58 billion. Driven by a boom in the automobiles sector, demand in the Indian oil sector has been growing consistently.

You can look in for investing in RIL, ONGC and GAIL with a long term perspective.

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