Released on = June 18, 2006, 9:50 pm

Press Release Author = RNCOS

Industry = Industrial

Press Release Summary = RNCOS Research: (http://www.rncos.com/Report/IM038.htm) The
rapid growth in the Indian economy and its favorable foreign investment policies has
attracted oil & gas investments substantially. And under the NELP-V, 48 exploration
blocks have been opened in the country.

Press Release Body = RNCOS Research: (http://www.rncos.com/Report/IM038.htm) As per
a survey India has the smallest oil & gas reserves in the world with just 10 billion
barrels oil equivalent (BBOE). Owing to rapid economic growth and appreciable
foreign investment policies, India has been able to lure significant oil & gas
investments. With high global demand for oil and rising prices, countries are
showing interest in exploring new oil & gas fields.

As policies were articulated in the fifth round of New Exploration Licensing Policy
(NELP) many international companies have shown interest to come to India to drill
the largely unexplored areas of gas & oil.

The NELP has enabled to open 48 exploration blocks of which 10 are on land and 38
off shore, including 12 deep-water blocks. In addition, companies undertaking
exploration in deep waters and frontier areas will be facilitated with fiscal
concessions for a period of seven years.

In a recent market research report, "Indian Oil & Gas Industry: An Industry
Analysis" published by RNCOS, analysts believe that there are high expectations from
NELP-V in the form of greater participation form existing players as also it would
be successful in luring new companies.

RNOCS has compiled in its report some facts about India's oil & gas sector, which
would attract large foreign direct investment. These are -
· Since 2001, India's refining capacity has been growing at a rate more than 22%.
· While the Jamnagar Refinery is the largest in the country and in the world, it is
expected that by 2007, the country's refining capacity will increase beyond 128MMT
(Million Metric Tonnes Per Annum).

RNCOS through its report, "Indian Oil & Gas Industry: An Industry Analysis" makes an
objective analysis of the Oil & Gas sector in India. It gives detailed information
on exploration, production, and other processes accompanied with annual consumption
figures and future growth prospects. There is a detail overview of the
opportunities, challenges and vital success parameters for the industry's growth.

The market research report provides a comprehensive overview of the oil & gas sector
in India accompanied with the driving forces and challenges faced by it. It makes an
analysis of the forthcoming situation in the industry.

About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/IM038.htm
For more information about the report please visit www.rncos.com



Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com