Budget 2019 wish list: What the govt should do to fuel growth in the oil and gas sector


Budget 2019 wish list: What the govt should do to fuel growth in the oil and gas sector

The oil and gas (O&G) industry has been experiencing turbulence recently, marked by economic uncertainty, geopolitical risks such as sanctions on O&G-producing countries that have an impact on long-term deals and transactions, and market unrest, with supply side spiking against muted demand.

In such an environment, ability of O&G companies to maintain their profitability, and more so in a sustainable manner, cannot be bargained against the odds. With the government having equal interest that is underpinned by strong growth in O&G demand, it would be imperative to see how the government reacts to address the situation.

With ongoing vulnerability that O&G industry is experiencing due to global volatility, critical imperatives for the government in its second term would be to boost domestic production and expand gas infrastructure Read More

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