Outlook for Indian oil and gas sector stable in 2012: Fitch - Economic Times

By
Viraj
on January 20, 2012 2:03 PM | | TrackBacks (0)
NEW DELHI: Notwithstanding the huge subsidy burden and uncertain global economic environment, the outlook for the Indian oil and gas sector remains stable in 2012, according to global ratings agency Fitch.

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The agency also added that slow policy reforms along with high international prices were leading to burgeoning under-recoveries of oil and gas firms. The agency also added that slow policy reforms along with high international prices were leading to burgeoning under-recoveries of oil and gas firms. "The 2012 outlook for both public and private sector Indian oil and gas companies is stable despite various challenges, including the increasing fuel subsidy burden on public sector companies (PSCs) and an uncertain global macroeconomic environment," Fitch said in its report '2012 Outlook: Indian Oil and Gas'.

Outlook for Indian oil and gas sector stable in 2012: Fitch - Economic Times

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This page contains a single entry by Viraj published on January 20, 2012 2:03 PM.

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