Revision in Cash Management System at Indian Oil Corporation Limited
|
|
ICMR HOME | Case Studies Collection
Case Details:
Case Code : FINC075
Case Length : 17 pages
Period : 2007-2011
Pub. Date : 2012
Teaching Note : Not Available
Organization : Indian Oil Corporation Limited
Industry : Petroleum and Petrochemicals
Countries : India
To download Revision in Cash Management System at Indian Oil Corporation Limited case study (Case Code:
FINC075) click on the button below
Price:
For delivery in electronic format: Rs. 500;
For delivery through courier (within India): Rs. 500 + Rs. 25 for Shipping &
Handling Charges
» Finance Case
Studies
» Short Case Studies
» View Detailed Pricing Info
» How To Order This Case
» Business Case Studies
» Area Specific Case Studies
» Industry Wise Case Studies
» Company Wise Case Studies
Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
Chat with us
Please leave your feedback
|
|
<< Previous
Oil Industry Background in India
|
The Indian oil industry is categorized into three segments based on their operations: the Upstream, the Downstream, and the other industrial bodies.
Upstream
Upstream operations are confined to production and exploration of energy resources. India has 26 sedimentary basins spanning 3.14 million sq. km of which 1.35 million sq. km are under deep water. A substantial part remains unexplored or poorly explored. Domestic production grew by 5.6 per cent in 2006-07 to 33.98 million ton (mt) from 32.19 mt in 2005-06; it had increased to 34.11 mt during 2007-08.
|
|
However, India still has a long way to go in exploration and production (E&P), being one of the least explored countries in the world.
Downstream
Downstream operations include refining and marketing of petroleum products. Refining is an industrial process where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas. The refinery capacity in the country was 178 MMTPA (million metric tonnes per annum) at the end of 2008-09. As of 2011, there were 17 refineries in India of which seven were owned by Indian Oil Corporation Ltd. (IOCL). Only one refinery, Reliance Petroleum's plant at Jamnagar, was wholly owned by a private company. The Jamnagar facility was Reliance Petroleum’s only refinery, but it was India's largest, with a capacity of 660,000 barrels per day.
India had the global opportunity of emerging as a leading refinery center in the world. Since 2006, the worldwide demand for petroleum products had grown by around 2.5 percent, while the rate of refining capacity addition had been only around 0.7 percent. No new refineries had been set up in the US and Europe in the last 20 years due to strict environmental norms. The high refining margins had led to a rush by Indian companies to meet the deficit for petroleum products. Also India’s favorable geographical presence alongside major sea routes gave it an edge in the areas of refining and exporting crude oil...
Excerpts >>
|
|
