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Oil India was formed in 1959 to operate this new field and other nearby concessions, with Burmah Oil holding 2/3rd equity holding and Government of India holding 1/3rd equity. Later in 1961, this was changed to 50/50 shareholding. In 1982, Burmah Oil transferred all its shares to Government of India and Oil India became 100% Government owned.
The Indian Oil Group owns and operates 11 of India's 23 [27] refineries with a combined refining capacity of 80.7 million tonnes per year. [28] Indian Oil's cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km.
Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources of India. In Assam, the Assam Oil Company was producing oil at Digboi (discovered in 1889) and Oil India Ltd. (a 50% joint venture between Government of India and Burmah Oil Company) was engaged in developing two newly discovered large fields Naharkatiya ...
Rajiv Gandhi Institute of Petroleum Technology (RGIPT), in Jais, Amethi (formerly in Raebareli), Uttar Pradesh, India, is a training and education institute focusing on STEM and petroleum industry. It is an institute of national importance equivalent to IITs. It was formally opened in July 2008.
LUCKNOW, India (AP) — Thousands of Indians flocked to a recruitment center on Thursday for jobs that would take them to Israel despite the three-month Israeli-Hamas war that is devastating Gaza ...
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai. It is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It operates three refineries in Bina, Kochi and Mumbai. [4]
India was the second top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [1] By March 2021, India's domestic crude oil production output fell by 5.2% and natural gas production by 8.1% in the FY21 as producers extracted 30.4917 Mt of crude oil and 28.67 BCM of natural gas in the fiscal year.
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