Swot Analysis Of Petroleum Industry

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CONTENTS Title Page number CHAPTER-I Petroleum Industry Profile • Type of industry and its characteristics • Scope of industry in India • Market size and growth • Major players and market shares • Government initiatives and reforms • Demand analysis • Investments • Recent developments • Regulatory bodies • SWOT analysis • Facts and figures CHAPTER-II Oil and Natural gas Corporation Limited • Historical perspective • Vision, Mission and Objectives • Milestones • Awards • Key people • Company structure • Marketing, Finance and HR aspects • Major components • SWOT analysis…show more content…
• The oil and gas sector in India accounts to 15 per cent of the country’s (GDP) • The value of the Indian oil and gas sector is forecasted to grow from US$ 117,562.9 million in 2012 (estimated) to US$ 139,814.7 million by 2015. Scope of petroleum in India: Over the years India Petroleum Industry has played an influential part in triggering the speedy expansion of the country's economy by contributing 15% in the total GDP. Further to this, petroleum exports gave new dimension to foreign exchange earnings by drawing US$ 23.64 billion in the FY 2008-09. To assist and acknowledge the expansion of the sector, the Cabinet Committee on Economic Affairs felicitated 44 petroleum research blocks on November 2008 under the New Exploration Licensing Policy (NELP-VII). Various Production Segments: • Refinery production: Refinery production in context of crude oil escalated from 156.11 MT in FY 2007-08 to 160.67 MT in FY 2008-09. Indian Oil Corporation Ltd is looking forward to elevate the capacity of its Haldia refinery and Panipat refinery plants to 7.5 million tones and 15 million tonnes respectively in…show more content…
It also focuses on marketing its HRD expertise in the field of Exploration & Production of Hydrocarbons. ONGC’s Sports Promotion Board, the Apex body, has a Comprehensive Sports Policy through which top honours in sports at national and international levels have been achieved. Transforming The Organization ONGC has undertaken an organization transformation exercise in which HR has taken a lead role as a change agent by evolving a communication strategy to ensure involvement and participation among employees in various work centres. Exclusive workshops and interactions/brainstorming sessions are organized to facilitate involvement of employees in this project. Participative Culture Policies and policy makers at ONGC have always had the interests of the large and multi-disciplined workforce at heart and have been aware of the nuances and significance of cordial Industrial Relations. By enabling workers to participate in management, they are provided with an Informative, Consultative, Associative and Administrative forum for interactive participation and for fostering an innovative

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