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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 ...
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.
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 .
The Government decided to keep Numaligarh Refinery Ltd. (NRL) in the public sector, honouring the Assam Peace Accord. In March 2021, Bharat Petroleum Corporation Ltd (BPCL) sold its entire 61.5% stake in Numaligarh Refinery in Assam to a consortium of Oil India Ltd. and Engineers India Ltd. and Government of Assam for ₹9,876 crore. [24]
IIPE has achieved this prestigious status by joining with the major oil and gas corporations such as HPCL, IOCL, ONGC, OIL & GAIL. IIPE is a research focussed Institute with an emphasis on the emerging areas in the energy sectors, namely Shale Gas, Coal Bed Methane, Gas Hydrates, Conventional Energy Sources, Renewable Energy Sources, Storage ...
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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.