January 2012
Beginner to intermediate
192 pages
6h 29m
English
Content preview from Case Studies in Business Ethics and Corporate Governance
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114 Case Studies in Business Ethics and Corporate Governance
INDIAN OIL INDUSTRY
The Indian oil and natural gas industry started commercially with the discovery of oil in the area
of Digboi, Assam, in 1889. Today, this industry has become the backbone of other industries in the
economy. Since then, the industry has seen a paradigm shift in the exploration and production of oil
with current reserves of India standing at 1201 mmt
1
of crude oil and 1437 bcm
2
of natural gas. The oil
industry is majorly classifi ed into three categories as shown in Exhibit I. Based on this classifi cation,
the corporations in this area of the economy are said to be ...
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