Introduction to the Petroleum Industry
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
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
References: Hindustan Petroleum Corporation and Limited, India. Retried from https://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),