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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.
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]
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.
LUCKNOW, India (AP) — Thousands of Indians flocked to a recruitment center on Thursday for jobs that would take them to Israel despite the three-month Israeli-Hamas war that is devastating Gaza ...
GAIL has 70% equity share in BCPL, a Joint Venture, with Oil India Limited (OIL), Numaligarh Refinery Limited (NRL), Govt. of Assam, each having 10% equity share. Feedstock Supply Agreements have been signed between BCPL and all the three suppliers, viz., Oil and Natural Gas Corporation Limited, Oil India Limited and Numaligarh Refinery Limited.
In consonance with the charter of RGIPT, the primary objective of the Assam Center of RGIPT is envisaged to offer programmes of education and training of skilled technical manpower at the diploma and advance diploma levels including B.Sc. - M.Sc. integrated courses in various areas in the domain of the petroleum sector as per requirements of ...
The person who holds it should always be a highly qualified officer of the Corps of Engineers.” Colonel W.E. Baker of the Bengal Engineers was accordingly appointed first Secretary to the Department of Public Works, this is the genesis of the Central Public Works Department. [ 5 ]
“India’s work productivity is one of the lowest in the world. Our youngsters must say: ‘This is my country; I want to work 70 hours a week,’” he said on a podcast with Indian ...