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Oil & gas business in India in a sweet spot?
Aug 25: The oil & gas business seems to be in a sweet spot in India on account of the following indicators:
8ONGC has guided for a 10-15% annual growth in gas production over the next 3-4 years.
8RIL remains bullish on its refining margins and benefits from expansion in its core projects.
8While BPCL expects Kochi to be at 90% utilization in 4QFY18, IOC expects Paradip to operate at full utilization in 2QFY18.
8Gas companies continue to guide for volume growth, with IGL plugging for an 8-10% sustainable volume growth and MGL guiding for a tad lower but respectable 6-8% volume growth.
8GAIL will ramp up its PATA petrochem expansion in FY18.
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