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Chief Managing Director, Oil and Natural Gas Corporation: Arun Kumar Singh: 7 December 2022 Chairperson and managing director, Gas Authority of India Limited: Sandeep Kumar Gupta: 1 September 2022 Chairperson, Indian Oil Corporation Limited: Shrikant Madhav Vaidya: 1 July 2020 Chairperson and managing director, Oil India Limited: Ranjit Rath: 1 ...
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.
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Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources of India. In Assam, the Assam Oil Company was producing oil at Digboi (discovered in 1889) and Oil India Ltd. (a 50% joint venture between Government of India and Burmah Oil Company) was engaged in developing two newly discovered large fields Naharkatiya ...
The technology is reported to be cost-effective and most of major oil companies in India such as the Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Oil and Natural Gas Corporation, Oil India, Indian Petrochemicals Corporation and Reliance Petroleum as well as Abu Dhabi National Oil Company employ it. [1]
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 ...