Dadadad

The oil and burn out industry has been instrumental in fuelling the quick growth of the Indian economy. India has total reserves of 775 million deliberate tonnes (MMT) of bad-mannered oil and 1074 billion cubic metres (BCM) of natural gas as on April 1, 2009, tally to the basic statistics released by the Ministry of rock oil and Natural Gas. Petroleum exports during 2008-09 were US$ 26.2 billion. In the eighth declamatory of the NELP (NELP-VIII), 1.62 sq km area will be covered comprising 70 blocks. Out of 70 blocks, 36 adjudge been awarded under NELP-VIII, according to the Economic Survey 2009-10. agree to Mr Murli Deora, Union Minister of Petroleum,, the ninth round of New Exploration Licensing Policy (NELP) is likely to be launched in the third quarter of 2010. Moreover, the government is planning its commencement exercise ever offer of shale gas exploration in 2012. check to Mr Deora, Shale gas (gas locked in sedimentary rocks) is an emerging area. It has become an measurable source of energy in a few countries who have been able to commercially exploit this resource. Production By the end of the 11th Plan, the refinery capacity is expected to reach 240.96 million metric tonnes per annum (MMTPA).

According to the provisional data released by the Ministry of Petroleum & Natural Gas, go out June 28, 2010, * During April-May 2010, crude oil outturn went up to 5.82 MMT, a 5.5 per cent increase over the similar period in 2009 * During April-May 2010, 26.89 MMT of crude oil was refined, an increase of 8 per cent over the corresponding period in 2009 * During April-May 2010, the actual natural gas production was 9.1 BCM, an increase of 43.5 per cent over the corresponding period in 2009 Consumption The sales agreements/consumption of petroleum products during 2008-09 were 133.4 MMT (including sales through toffee-nosed imports), an increase of 3.45 per cent over sales of 128.95 MMT during 2007-08, according to the Ministry of Petroleum. The sale of oil... If you want to get a full essay, order it on our website: Orderessay

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