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Update on Indian oil companies
Dec 05:   What the projections for the oil & gas industry going ahead?
8RIL's GRM is expected to stay around $11/bbl for the next two years
8Core GRMs of public sector oil marketing companies are set to improve
8No subsidy burden is expected unless oil prices move to $ 65 and above
8GAIL's story is a little more complicated. Pipeline tariffs are set to rise and petrochemicals are expected to become profitable on the back of lower gas prices but uncertainty remains over its 5.8 million tonnes of LNG offtake commitment from US terminals
8Petronet LNG's dominant position is expected to continue with little challenge from other competitors
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