Oil drop boosts Modi's energy reforms in India
Low oil prices are a mixed blessing: they will boost the downstream sector at the expense of upstream players
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In this article
- Downstream bonanza
- Finances of OMCs
- Private sector refiners
- Implications for industry
- Fiscal implications
- Upstream worries
- NOC finances
- Unattractive fiscal regime
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_350.jpg "A worker walks atop a tanker wagon at an oil terminal on the outskirts of Kolkata (Reuters/Rupak De Chowdhuri)")