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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.
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 ...
The block is expected to start production by 2026-27. Brazil's national oil company Petrobras owns and operates it with a 60 percent interest. [6] As of 2022, BPRL has Participating Interest (PI) in 26 oil and gas blocks, 13 of which are located in India and an equal number in overseas. [1]
However, on a per capita basis, its standing is much lower. India was the second-top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [19] India has 49.72 lakh (4.972 million) barrels per day (5.1% of the world) crude oil refining capacity which is ranked 4th globally in 2017. [7]
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.
These strategic storages are in addition to the existing storages of crude oil and petroleum products with the oil companies and serve in response to external supply disruptions. [6] Indian refiners maintain 64.5 days of crude storage, so India has overall reserve oil storage of 74 days. [7]
The Mumbai High Field, formerly called the Bombay High Field, [1] is an offshore oilfield 176 km (109 mi) off the west coast of Mumbai, in Gulf of Cambay region of India, in about 75 m (246 ft) of water. [2] The oil operations are run by India's Oil and Natural Gas Corporation (ONGC).
The refinery also produces a wide range of specialty products such as benzene, toluene, mineral turpentine oil, food grade hexane, solvents and kerosene. [ citation needed ] The Gujarat Refinery is the first refinery in India to have completed the diesel hydrodesulfurization project in June 1999, when the refinery started production of HSD with ...