Impact of increasing crude OIL prices on Indian industries.
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Impact of increasing crude OIL prise on Indian industries.
India is an energy importing country, primarily of oil and soon of gas. Its imports are growing while its domestic production lags behind the fast pace of demand growth. The Indian government is conscious of the need to diversify its sources of supply and also to boost domestic supply of primary energy as well as final products (LPG, kerosene, natural gas, lubes, etc.). On the exploration and production front, developments are slow. They reflect in part the state of India's oil and gas reserves: mature fields, limited reserves or…
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