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Oil, Gas, Power, Energy Jobs in Chennai

At the rate that India is growing, it is no doubt that its oil industry has also picked up the pace. The oil and gas sector in the country is one of the core industries and plays an important role in deciding the country’s major policies. The economic growth of the country is positively related to the progress of the oil and gas industry; therefore, the sector has proven to be quite conducive for investments. With the growing urbanization and rise of the middle class, there is an increase in the demand for oil and gas and power. Therefore, the government has adopted various reforms and policies to fulfil the ever-growing demand. For instance, the government, to ease out and attract investments, has allowed 100% foreign direct investment (FDI) through a direct route in this sector. These policies extend to the natural gas, petroleum, and refineries sectors as well. The country is expected to be one of the largest importers of oil products. Its overall oil imports rose to USD 87.37 billion in 2018. India is still the third largest consumer of oil and oil products, and it is the 4th largest importer of natural gas and comes after Japan. As per a research report published by the Department of Industrial Policy and Promotion (DIPP), the natural gas and petroleum sector attracted investments worth USD 7 billion between the periods of 2000 till 2018. For instance, the Gujarat Government is ready to set up an LPG terminal in Okha in partnership with a Netherlands firm. In another instance, Saudi Aramco of Saudi Arabia is planning to invest in the sector. Since the government is looking at cutting oil imports, there is enough opportunity for foreign investors to invest in this sector in the country. Needless to say, there is an array of oil, gas, power, energy jobs in Chennai, Mumbai, Pune, etc.

Amazing Oil, Gas, Power, Energy Vacancies in Chennai

Since there has been an increase in foreign investments in the sector, organizations in this field also need skilled employees who can run the business with ease. The main element that helps in hiring, retaining, and engaging the best talent is the salary factor. And forward-looking organizations know it. As per a recent survey conducted by Randstad, it has been revealed that 79% of the organizations are on a hiring spree and they also pay well to the best employees. For instance, a junior technical engineer is offered an average CTC of INR 5.38 lac per annum, while a senior Quality Assurance Manager is offered an average CTC of INR 22.30 lac per annum in Chennai. Additionally, a senior professional in the research wing of this sector gets an attractive compensation of INR 20 lac per annum in Chennai. So, there is plenty of well-paying oil, gas, power, energy vacancies in Chennai for those who are looking. To get the next best job in this sector, submit your resume with Randstad today.

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