Introduction to the Petroleum Industry

Topics: Petroleum, Peak oil, Petroleum industry Pages: 19 (5583 words) Published: July 11, 2013
Master of Business Administration

Topic-The Indian Petroleum Industry
International Business & Trade
Operations Management Module BM6913

Module Leader-Enda Murphy
Paul Taffee

Submitted by-Charles Daniel-17387781
Abhishek Pathy-1716093
Sarthak Das-1749108

Introduction to the Petroleum Industry.

The petroleum industry includes the processes of refining, extraction, refining, transporting (often by the oil tankers and pipelines), and marketing them. The larges t volume products of the industry are petrol and fuel oil. Petroleum being the raw material for many chemical products, including industrial, solvents, fertilizers, pesticides, and plastics. Petroleum is of vital importance to many industries, and is of import for the maintenance of industrialized civilization itself, and thus is a critical concern for many nations. Oil also accounts for a large percentage of the global energy consumption, ranging from a low of 32 percent for Europe and Asia, up to a high of 53 percent for the Middle East..

The Indian Petroleum Industry

Indian Petroleum Industry began its journey during the fiscal year 1890 in the in a place called Digboi. The production of petroleum along with the simultaneous exploration of new sites was mostly restricted to North-Eastern India up to the 1970s. But the industry saw a new change with the discovery of Mumbai High. Indian Petroleum Industry was entirely sponsored by the state and was under the management control of the government .After the introduction of the Liberalization-Privation-Globalization (L-P-G) policy in the month of July, 1991, the government allowed the Indian Petroleum Industry to go into private as well as government-private joint ventures. The deregulation process in the Indian Petroleum Industry got a boost in the year 1997 when the decision was taken that the process of liberalization and deregulation would be increased in this industry and all the regulations would become useless from the month of April in the year 2002. Along with globalisation, the rate of growth of energy consumption increased at the rate of six percent on an yearly basis specifically between the period 1991 and 2001. The demand for petroleum products also increased at an annual rate of 5.5% during 1990-91 and 2000-01 which was a lot more than the production rate of crude oil processing (revolving around 5.1 %). But the Petroleum Industry took a hit in the year 2001 when the Indian economy observed a slow down in its economic rate along with the general industrial output. Hindrances related to infrastructure also came up as serious problems in the path of Indian Petroleum Industry

Evolution of petroleum industryDuring the late 19th century, when petroleum was first found at at Makum, in Assam in 1889, it marked a point of revolution in the industry. At the time of independence exploration in oil and production was done mostly in North-Eastern region, particularly Assam. At that time India's domestic petroleum production was a little over 250,000 tonnes per annum. Considering the importance of petroleum , the Indian government under its Industrial Policy Resolution of 1954, declared that petroleum would be considered as a major sector in the country

The major oil reserves of the India are situated at Mumbai high (Mumbai), Upper Assam (Assam), Cambay (Gujarat), Krishna-Godavari basin (Andhra Pradesh), Cauvery basin (Tamil Nadu), Nagaland and Arunachal Pradesh. Indian oil refining sector

The major in the oil sector in India are situated in .
Indian Oil Corporation (Public sector)
Oil and Natural Gas Corporation (Public sector)
Reliance India Ltd (Private sector)
Essar Oil Refinery (Private sector)
Bharat Petroleum Corporation Ltd (Public sector)
Hindustan Petroleum Corporation Ltd (Public sector)
Mangalore Refineries and Petrochemicals Ltd (Public sector

SWOT Analysis

Strength –
Strong economic growth Alternative...

References: Hindustan Petroleum Corporation and Limited, India. Retried from http://sales.hpcl.co.in/bportal/index_sales.jsp, accessed on 21st of Feb 2013
Company profile, introduction retrieved fromhttp://www.hindustanpetroleum.com/En/UI/Home.aspxaccessed on 21st Feb 2013
Company profile retrieved fromhttp://www.ongcindia.com/wps/wcm/connect/ongcindia/home/ accessed on 12th of March 2013Discoveries and planning retrievedhttp://zeenews.india.com/business/news/companies/ongc-makes-huge-oil-discovery-off-west-coast_57871.htmlaccessed on 12th march 2013Annual report retrieved fromhttp://www.ongcindia.com/wps/wcm/connect/ongcindia/home/Performance/Annual_Reports/ accessed on the 26th March 2013.Introduction and Company profile retrieved fromhttp://www.bharatpetroleum.com/General/CR_Journey.aspx?id=4 accessed on 26th march 2013Marketing strategies’ of the company retrieved fromhttp://www.bharatpetroleum.com/EnergisingBusiness/Marketing.aspx?id=1 accessed on 12th march 2013.Paul Baines, Chris Fill, Kelly Page (Author 's), 2011, marketing, 2nd edition, Oxford University.Exploring Strategy, Johnson , Whittington and Scholes 9th edition, prentice hall Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life (Paperback) .(Avinash Dikshit),
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