Friday, November 24, 2006

Wanted returning Indians in Oil and Gas sector!!

If one thought only IT professionals from the US/Europe were being given red carpet welcome by the Indian corporates, here is some good news for those in the Middle East and Gulf!! Especially professionals in the Oil and Gas sector would find 2007 a great year to be wooed!!

It is time for the boom in the petrochemicals, petroleum and chemicals investment regions (PCPIRs) for oil companies!!

The government has identified the locations for setting up PCPIRs, mainly for the export market. According to the draft policy, the anchor tenant has to be a refinery or a petrochemical feedstock unit. Companies like Oil and Natural Gas Corporation (ONGC), Indian Oil (IOCL), Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Gail could take a lead in the seven zones identified by the government. Project sizes are rumoured to be as big as 3 billion USD!!

Not just the PSUs, there is an acute shortage of professional talent as private players like Reliance and MNC companies are also on the prowl!!

It is time for all those Indians working in the Chevrons, Exxons, Aramcos, BPs, start sprucing up their resumes and thinking about home!
Should you know of anyone open, please feel free to reach out to me :-)!

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