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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.
India was the second top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [4] 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 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.
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]
It is based in Navi Mumbai, Maharashtra, India. It is vertically integrated and is involved in hydrocarbon exploration, production, refining and also has interests in the downstream business and operates over 1700 Retail Fuel Outlets in India. [2] It also operates the largest oil refinery in the world, situated in Jamnagar.
Nayara Energy (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) (listen ⓘ) is an oil refining and marketing company that owns and operates Vadinar refinery located at Vadinar, Gujarat, India with a capacity of 20MMTPA, [4] making it the second largest in India. [5]
Gujarat State Petroleum Corporation Ltd (GSPCL) is a state government-owned group of oil and gas exploration, production and distribution companies based in Gujarat, India. It is India's only state government-owned oil and gas company under the ownership of Department of Energy and Petrochemicals, Government of Gujarat.
All of the oil was being sold to Indian Oil and all the gas to GAIL India. On 3 June 2008 there was an explosion in which one worker was killed, forcing a temporary halt to production. [ 12 ] As of July 2010 the field was producing about 35,000 barrels (5,600 m 3 ) of oil per day and 205 million cu ft (5.8 million m 3 ) per day of gas.