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It has about 25% market-share in India among public-sector companies (PSUs) and a strong marketing infrastructure. Oil and Natural Gas Corporation owns 51.11% shares in HPCL and others are distributed amongst financial institutes, public and other investors.
The Government of India would receive a variable share of profit depending on the investment multiple. In December 1994 a joint venture between ONGC (40%), Enron (30%) and Reliance (30%) took control of the field. [3] In 2002 British Gas bought Enron's 30% share of the Panna-Mukta and Tapti fields for $350 million. [5]
Hindustan Petroleum Corporation Limited (HPCL) is an Indian public sector undertaking in petroleum and natural gas industry, headquartered in Mumbai.It is a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Government of India and under the administration of Ministry of Petroleum and Natural Gas.
Share (%) 1 Oil and Natural Gas Corporation Limited (ONGC) 40,305 15.27 2 Indian Oil Corporation Limited (IOCL) 24,184 9.16 3 Power Grid Corporation of India (PGCIL) 17,074 6.48 4 National Thermal Power Corporation (NTPC) 16,111 6.11 5 Steel Authority of India Limited (SAIL) 12,015 4.55 6 Coal India Limited (CIL) 11,202 4.24 7
So the price of petrol for the end user was ₹ 73.83 (85¢ US). [62] The natural gas purchase price from the natural gas producers, like ONGC, Oil India Ltd. and private companies, is fixed by the government based on prices prevailing in the US, Russia, the UK and Canada. [63] LNG price is linked to the prevailing crude oil price in global ...
After discovery of oil in the Assam state of India in late 1880s, the first oil refinery was set up at Digboi. Digboi Refinery was commissioned in 1901. [1] Following is a list of oil refineries in India, per the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas, Government of India, [2] arranged in decreasing order of their capacity.
ONGC Mangalore Petrochemicals Limited (OMPL) was a division of Mangalore Refinery and Petrochemicals Limited, a part of Oil and Natural Gas Corporation which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India. [1] OMPL was incorporated on 19 December 2006.
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