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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.
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Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai. It is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It operates three refineries in Bina, Kochi and Mumbai. [4]
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RGIPT is a training and education institute that gives technical and management training to the petroleum industry and was formally opened in July 2008. The Ministry of Petroleum and Natural Gas (MOP&NG), Government of India founded the institute through an Act of Parliament ("Rajiv Gandhi Institute of Petroleum Technology Act 2007"). [5]
The first drilled oil wells in Baku were built in 1871–1872 by Ivan Mirzoev, an Armenian businessman who is referred to as one of the 'founding fathers' of Baku's oil industry. [ 9 ] [ 10 ] At the turn of the 20th century, Imperial Russia's output of oil, almost entirely from the Apsheron Peninsula , accounted for half of the world's ...