List of Business Ideas for Production of Petroleum and Petroleum Products. Oil & Gas Project Opportunities. Petrochemicals, Petroleum By-Products, Petrochemical Feedstocks.
Production of Greases, Lube Oil, Brake Fluid, Automotive & Industrial Lubricants, Gear Oils, Wax & Wax Products, Paraffin Wax, Polishes, Bitumen, Base Oil, Crude Oil, Fuel Oils, Lubricating Oils, Gear Oils, Kerosene
The petroleum industry in India is particularly favorable for foreign investment because the industry is one of the fastest growing segments, and it has shown a staggering growth rate of around 13% in the recent past. Apart from the tremendous growth rate in the Indian petroleum industry today, it also boasts technology of international standards, easy availability of infrastructure at very cheap rates, high demands for petroleum products, and increased spending habits of the middle-class people. All these factors make investments in the Indian petroleum industry an attractive proposition for foreign investors.
The foreign trade in petroleum and petroleum products in the recent past have registered significant growth. It has thus attracted new foreign investments. Some of the main petroleum products that are manufactured for trade with foreign countries are petroleum gases, gas oil, propane, distilled crude oil, naphtha, ethane, and kerosene.
The petroleum industry has contributed heavily to the manufacturing industry in the country through foreign trade in petroleum products. Rapid globalization, fast-changing technology, and the changing methods in the way business is conducted have brought significant changes and enormous opportunities for petroleum companies in India to flourish and expand their operation to global markets.
Another very important reason why the Indian petroleum industry is a good option for investment is that the future of the petroleum industry in India promises great potential for development. The fast economic growth of India and the various developmental activities taking place presents India with opportunities in the future