India Petroleum Industry

The India Petroleum Industry is a case in point for exhibiting the giant leapsIndia has taken after its independence towards its march to attain a self-reliant economy.

During the Independence era of 1947, theIndia Petroleum Industry was controlled by foreign companies andIndia's own expertise in this sector was limited. Now, after 60 years, theIndia Petroleum Industry has become an important public sector undertaking with numerous skilled personnel and updated technology that is comparable to the best in the world. The vim and the achievement during these years is the growth of productivity in petroleum and petroleum-based products. Even the consumption has multiplied itself nearly 30 times in the post-independence era.

An important advancement in the petroleum industry came with the Industrial Policy Resolution, 1956 which signified the promotion of growth of industries. The ONGC, originally set up as a Directorate in 1955, was transformed into a Commission in 1956. In 1958, theIndian Refineries Ltd., a government undertaking, came into existence. TheIndian Oil Company (IOC), also a government undertaking, was set up in 1959 with the purpose of marketing petroleum-related products.Indian Oil Corporation Ltd. was formed in 1964 with the merger of theIndian Refineries Ltd. and theIndian Oil Company Ltd. Presently, 17 refineries operate under theIndia Petroleum Industry.

Growth of the India Petroleum Industry:

In the post-independence era,India grew tremendously in terms of infrastructure in the petroleum industry, which in turn helped increase the production of petroleum and petroleum-related products.

During 1947-57, 3 refineries were set up in Mumbai and Visakhapatnam by transnational oil corporations doing business inIndian
During 1957-67, another 3 refineries were established in Guwahati, Barauni, and Koyali byIndian Refineries Ltd.
During 1967-77. 2 more were set up in Chennai by Iranian companies and in Haldia byIndian Oil Ltd.
During 1977-87, 2 more refineries were commissioned. The one at Bongaigaon was the first to have an amalgamated petroleum refinery-cum-petrochemicals unit. The other was established at Mathura.
During 1987-97, 2 more were set up at Nagapattinam and Mangalore.
During 1998-2007, refineries at Panipat and Numaligarh were set up.

To seek further information on India Petroleum Industry, search through the following links:

Acetyls Acrylonitrile Aromatics Automobile industry Automotive Grade Urea Barauni Petrochemicals Plant Basic Acrylic Monomer Basic Chemicals Bayer ABS BDO and Derivatives Benefits of Petrochemical Products Building and Construction Industry Challenges facingIndia Petrochemical Industry Cetex Petro Chemical Intermediates Challenges facingIndia Petrochemical Industry Chemical Intermediates Chemical sector ofIndia Chemplast Sanmar Cochin Refineries Balmer Lawrie Coal Chemicals Communications Demand and Future Digboi Petrochemicals Plant Distribution Network Electrical Industry Electronics Electronic Industry Environmental Regulation Environmental Approvals for Business Environment Friendly Petrochemical Technology Ethylene Oxide Finolex Industries Food Preservation Food Processing Industry Foreign Trade in Petrochemicals Fuel Oxygenates Future ofIndian petroleum industry Growth ofIndia Petrochemical Industry Guwahati Petrochemicals Plant Haldia Petrochemicals Haldia Petrochemicals Plant IBP IG Petrochemicals Indian Petrochemical Companies Indian Petrochemical Plants Indian Petrochemical Market Indian Petroleum Corporation Limited Inorganic chemical segment Lower Olefins Mangalore Petrochemicals Plant

Mathura Petrochemicals Plant Medical Equipment Methacrylates Methanol Methylemines Multifaceted Uses of Petrochemicals Mumbai Petrochemicals Plant Naphtha and Natural Gas as Feedstock NOCIL Office Automation Equipment Office Furniture Office Interiors Opportunities forIndia Petrochemical Industry Organic Chemical Segment Origin of India Petrochemical Industry Panipat Petrochemical Plant Petrochemical Industry and Environment Petrochemical applications in Industries Petrochemical Products Overview Petrochemical Segments Overview Petrochemicals in Automobiles Petrochemicals in Healthcaret Petrochemicals in Offices Petrochemicals in Transportation Petroleum and Additives Pharmaceutical industry Phenol Phenolic Resins Pollution Control Measures Polymers Price Volatility Printing Industry Propylene oxide Recycling Infrastructure Reliance Industries Risk Research Scope ofIndia Petrochemical Industry Solvents South Asian Petrochem Specialty Chemicals segment SPIC SRF Styrene Synthetic Fiber Technological Improvements through Petrochemicals Textile Industry Threats posed by Petrochemical Products Vadodara Petrochemicals Plant Vishakapatnam Petrochemicals Plant Workstations

Acetyl Acid  || India Petroleum Industry