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Oil and Gas Industry in Rajasthan
In addition to its present areas of strength, a number of sectors are emerging with
substantial potential for private investment and business. The most prominent among
them are oil & gas.
The recent discovery of oil & gas reserves in Rajasthan provides a significant business
opportunity to establish a number of upstream and downstream businesses in the state.
At present, the exploration activity in Rajasthan is limited to the following four
blocks.
The area currently under exploration aggregates just 15,899 square km. This represents
around 13 per cent of the area in the Rajasthan basin (aggregating around 126,000
square km). A large part of Rajasthans geographical area still remains unexplored.
It is anticipated that in the upcoming rounds of bidding for exploration rights,
the level of interest of global oil & gas majors should substantially increase.
This bodes well for the prospects of developing the oil & gas based industry in
the state in coming years. The availability of oil & gas in the state will also
provide opportunities for oil refining, gas based power stations, gas distribution
(including city gas distribution networks), petrochemicals and other downstream
chemicals. This is expected to complement the existing industrial base of Rajasthan
and also enhance the competitiveness of industries located in Rajasthan, with access
to cheaper sources of energy and raw materials.
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