Peer Strategy

India's Tax Salvo Slams Producers, Private Refiners

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
finance-trading/ss738860290-currencies-indian-rupee.jpg
  • India's sudden windfall taxes have analysts revising down earnings estimates for E&Ps and private refiners but the outlook for state refiners is positive.

  • A simultaneous order for Indian refiners to sell more oil products domestically will further limit supply on an already-tight global market.

  • The knock to share prices and investor confidence could be more lasting than levies the government has pledged to review every 15 days.

The Issue

Topics:
Fiscal Terms, Policy and Regulation, Refining, Independent Refiners
Wanda Ad #2 (article footer)
#
The US major's purchase of DJ Basin-focused PDC Energy promises capital-efficient growth with a declining carbon-intensity footprint.
Tue, May 30, 2023
Darren Woods challenged his team to double recovery rates from shale, and says he sees early signs of “very promising new technologies” that might deliver.
Fri, Jun 2, 2023
Australia's tough regulations and bold market interventions over the past year have put future investments in the country's gas sector at risk.
Tue, May 23, 2023