SOFTWARE GIANT TARGETS OIL SECTOR

Vol 3, PW 9 (26 May 99) News in Brief
     

Oracle Corporation of the US plans to target the Indian oil and gas sector for its Enterprise Resources Planning (ERP) software.

"We see a lot of opportunity in the oil industry, as the administered price mechanism for oil products is getting dismantled", says Shekhar Dasgupta, country manager of Oracle Software India. ERP software helps firms track inventory, finance, purchases, refining, marketing, dispatch and personnel data on an integrated system.

In November 1997, India announced a blueprint to completely decontrol the oil sector by March 2002. Today only prices for petrol, kerosene, Aviation Turbine Fuel (ATF), diesel and Liquefied Petroleum Gas (LPG) are regulated by the government.