Change in Petroleum FDI policy : Impact assessment - Mr. Sanjay Kaul
1. Sanjay Kaul
Change in Petroleum
FDI Policy-Impact Assessment
Introduction: Latest reform in Petroleum FDI Policy
Similar Precedents & their impact: E&P, LNG terminals, Pipeline Infrastructure
Impact assessment PSU refining FDI reform: opportunities created
Swifter expansion of current capacities & establishment of integrated refinery-
petrochemical complex: IOCL: Panipat, Gujarat & Paradip Refineries; BPCL: Kochi
refinery; HPCL: Vishikapatnam
Renovating current technology processes in order to be more flexible both in
terms of input & output: IOCL: Panipat, Gujarat, Barauni, Guwahati, Digboi &
Haldia Refineries; BPCL: Mumbai & Kochi refinery; HPCL: Mumbai & Vishakapatnam;
MRPL, CPCL, Numaligarh
Confidence in existing & prospective JV partner because of greater liberty (option)
to alter exposure in a project: HPCL-Mittal refinery
Indian Offshore FDI retraction: Videocon exposure in Mozambique
Embedded Strategic Opportunity
PSU refiners can lead the Refining global trend
Balance India’s Energy imports dependency with creation of Regional refining
Hub in India catering to the Subcontinent & South East Asia
Example of Reliance Industries, Jamnagar complex
Supporting information & references
Mr. Sanjay Kaul is the Founder President of the
University of Petroleum & Energy Studies &
Member - Executive Council, CPIES
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