OIL IN INDIA

Recently on a flight I met a young boy. He is working for a Corporation. A highly talented boy who keeps himself abreast with all current affairs. His main job being of an Engineer in an oil company thus he had special interest in oil explorations. The main area of his concern was; as as a young citizen the oil policy of our country. Reliance would not sell their petrol here on subsidy, thus all their petrol pumps shutdown but they want to explore oil and sell abroad. An oil field discovered in India in the desert is now auctioned to a private company through an open bid in the year 2008 who would take out oil and obviously also sell out side India. Whereas in our Country we are importing about 74% of our fuel requirements. There is really no research in our country as compared to other parts of the globe even though we offer solutions. The young boy s concern for a proper oil policy does deserve our attention.