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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.
Oil India was founded on 18 February 1959, with its registered office in Duliajan, Assam, as a privately held oil exploration company. Burmah Oil Company originally held two-thirds of the stock and the Government of India (via the Office of the President) held the rest. [5]
At least seven people are killed and 42 others are injured when a bus rams into several vehicles and pedestrians in Mumbai, Maharashtra, India. The bus driver is detained by local police. (The Indian Express) International relations. Austria–Syria relations, Germany–Syria relations. Refugees of the Syrian civil war
Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday.
The world's highest retail outlet (at an altitude of 3,740 mtr. above mean sea level) under IOCL, in Kaza, Himachal Pradesh IOCL Petrol Pump under construction in Khammam An Indian Oil Fueling Station in Kapsi, Chhattisgarh An Indian Oil Petrol pump near Dera Bassi in Punjab, India An Indian Oil fuel truck on the way to Ladakh A typical IOCL petrol pump in cities of India - Chembur, Mumbai ...
However, on a per capita basis, its standing is much lower. India was the second-top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [19] India has 49.72 lakh (4.972 million) barrels per day (5.1% of the world) crude oil refining capacity which is ranked 4th globally in 2017. [7]
The Mumbai High Field, formerly called the Bombay High Field, [1] is an offshore oilfield 176 km (109 mi) off the west coast of Mumbai, in Gulf of Cambay region of India, in about 75 m (246 ft) of water. [2] The oil operations are run by India's Oil and Natural Gas Corporation (ONGC).
These strategic storages are in addition to the existing storages of crude oil and petroleum products with the oil companies and serve in response to external supply disruptions. [6] Indian refiners maintain 64.5 days of crude storage, so India has overall reserve oil storage of 74 days. [7]