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India Oil and Gas Market Update

Main Update Highlights from entire month of June, 2013

India’s refining capacity expands to satisfy surging demand.

Base Oil CFR India prices for SN 500 Iran origin dipped down by 1% in June 2013 as compared to
last month price.

CFR India prices of TOBS dipped down by 3% in June 2013 as compared to previous month price.

India Imports of Base Oil from Korea comprises 42% of its total import during May 2013.

India’s Essar wins string of contracts in Abu Dhabi ‐ New entrant to the Middle East projects
market, Essar, awarded pipeline, refining and chemicals work.