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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.
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Indian Oil Corporation Limited (IOCL or IOC), trading as IndianOil, is an Indian multinational [3] [4] oil and gas company under the ownership of Government of India and administrative control of the Ministry of Petroleum and Natural Gas.
Rating Action: Moody's affirms Oil India's Baa3 ratings; downgrades BCA to ba1Global Credit Research - 30 Mar 2021Singapore, March 30, 2021 -- Moody's Investors Service has affirmed the Baa3 ...
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The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas.
Dividend paying stocks like Oil India Limited (NSE:OIL) tend to be popular with investors, and for good reason - some...
The 2020 Assam gas and oil leak, also referred as the Baghjan gas leak, was a blowout and methane leak that happened in Oil India Limited's Baghjan Oilfield in Tinsukia district, Assam, India on 27 May 2020. The blowout occurred at Well No. 5 in the Baghjan Oil Field, resulting in a leak of natural gas.