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India energy month in brief - how will downstream price liberalisation benefit Indian upstream NOCs?

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Report summary

In our every month-in-brief, we explore the latest developments and themes happening across India's upstream, downstream, gas, coal and power sectors. In this edition, we look at the impact of petroleum subsidies on the upstream national oil companies (NOCs) and oil marketing companies (OMCs) and how deregulation will help the upstream NOCs see better crude realisations from their nomination oil blocks.

What's included

This report contains

  • Document

    India energy month in brief - how will downstream price liberalisation benefit Indian upstream NOCs?

    PDF 287.28 KB

Table of contents

  • NOCs received less than US$60/bbl even in the heydays of US$100/bbl oil
  • Measures taken by government to deregulate product prices
  • Impact of deregulation on upstream realisations going forward
  • Footnote: Under recoveries explained

Tables and charts

This report includes 5 images and tables including:

Images

  • ONGC: actual crude realisation vs oil price
  • ONGC: India oil production - Nomination vs PSC
  • ONGC net realisations going forward
  • India energy month in brief - how will downstream price liberalisation benefit Indian upstream NOCs?: Image 4
  • Under-recoveries to oil marketing companies by product

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