SECTOR: OIL & GAS

HAVE YOU EVER HEARD OF CHAMRAN?
NEITHER HAD WE; BUT WITH INDIA ALL HEADING FOR AN OIL DOOM, YOU WILL!
Slippery is the nature of oil... and so is of oil prices; but the predicament – about which side of the Reuters screen would the oil price line move – remains ‘cruder’ than the ‘crudest’ version of petroleum one could source from the Chamran highway that passes by Teheran. But ironically, that highway is exactly where Mr. Deora (India’s respected Oil Minister) and millions of other more respected Indians driving their common non-hybrid automobiles would have to finally head to, with India losing out to China face down in ensuring sustainable long-term cost efficient oil supply. So why is securing oil supply so important to India? According to a 2006 report by RNCOS, India has 15% of the world’s population, but just 0.5% of the world reserves for oil and gas.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006


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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)