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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.
The Indian Oil Group owns and operates 11 of India's 23 [29] refineries with a combined refining capacity of 80.7 million tonnes per year. [30] Indian Oil's cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km.
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 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. [27]
The Indian Institute of Petroleum and Energy Act, 2017 (No.3 of 2018) enacted by the Parliament and declared the Institute as an 'Institution of National Importance'. IIPE has achieved this prestigious status by joining with the major oil and gas corporations such as HPCL, IOCL, ONGC, OIL & GAIL.
The Numaligarh Refinery is a division of Oil India Limited which is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is located at Numaligarh, Golaghat district, Assam in India. Numaligarh Refinery Limited (NRL) was a division of BPCL. It opened in 1999. [3] The commercial production commenced from 1st ...
Brahmaputra Cracker and Polymer Limited (commonly abbreviated as the BCPL) is a public sector undertaking situated at Lepetkata, Dibrugarh City, Assam, India.Included in the Assam Accord as an Assam Gas Cracker Project, the construction of BCPL was launched by then Prime Minister Manmohan Singh on 9 April 2007 and it was inaugurated for production on 5 February 2016 by Prime Minister Narendra ...
Rajiv Gandhi Institute of Petroleum Technology (RGIPT), in Jais, Amethi (formerly in Raebareli), Uttar Pradesh, India, is a training and education institute focusing on STEM and petroleum industry. It is an institute of national importance equivalent to IITs. It was formally opened in July 2008.