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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 company trades within energy, process, oil & gas and machinery & equipment sectors. The total number of employees is 1,000 and the turnover for 2020 was 73 million euros. Citec is headquartered in Vaasa, Finland, and has offices in Finland , Sweden , Norway, France , Germany, India and Saudi Arabia .
In May 2018, IOCL became India's most profitable government corporation for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18. [16] In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 140,000 barrels per day of crude in year 2020. [17]
Ho-li, Taichung County, Taiwan [5] Delta Machinery: Woodworking Saws Channellock: Meadville, Pennsylvania Channellock Adjustable Pilers, Hand Tools Diamond Products: Elyria, Ohio, USA [6] Core Bore, Core Cut, Core Prep, Core Vac, Tyrolit [7] Cutting, abrading, boring tools [8] Einhell: Landau an der Isar, Germany: Einhell: Power tools, garden ...
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Atlas Copco companies develop, manufacture, service, and rent industrial tools, air compressors (of which it is the world's leading producer), [8] construction and assembly systems. The Group operates in four areas: Compressor Technology, Vacuum Technology, Power Technology and Industrial Technology.