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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.
4 December 2024 al-Mawasi attack. Two Israeli Air Force strikes on an evacuation zone in Al-Mawasi in the southern Gaza Strip kill at least 20 refugees due to explosions and a subsequent fire that destroyed several refugee shelters. Israeli incursions in the West Bank during the Israel–Hamas war
In January 2014, OVL and Oil India completed the acquisition of Videocon Group's ten percent stake in a Mozambican gas field for a total of $2.47 billion. [16] In June 2015, Oil and Natural Gas Corporation (ONGC) gave a ₹ 27bn ($427m) offshore contract for the Bassein development project to Larsen & Toubro (L&T). [17]
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
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]
Updated December 5, 2024 at 10:43 AM FILE -The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, March 3, 2022.
3 December – The Bangladeshi consulate in Agartala is stormed by protesters demonstrating against the arrest of Hindu community leader Chinmoy Krishna Das in Chittagong. [188] 4 December – A ban on the public consumption of beef comes into effect in Assam. [189] 11 December – Sanjay Malhotra is inaugurated as governor of the Reserve Bank ...
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