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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.
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.
Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year compared to 2021 despite the COVID-19 pandemic.
Other major oil shale deposits in Europe are located in Italy (10.45 billion metric tons of shale oil), Estonia (2.49 billion metric tons of shale oil), France (1 billion metric tons of shale oil), Belarus (1 billion metric tons of shale oil), Sweden (875 million metric tons of shale oil), Ukraine (600 million metric tons of shale oil) and the ...
Preem is the largest supplier of petroleum products in Sweden and its two refineries, Preemraff Göteborg in Gothenburg, and Preemraff Lysekil in Lysekil represent 80 percent of Sweden's refining capacity. [3] The annual capacity of Preemraff Lysekil is around 11 million metric tons of crude oil. [4]
Oil minister Hardeep Singh Puri said Russian oil accounted for about 0.2% of India's overall crude imports prior to the Ukraine war. Russian oil now accounts for over a third of Indian oil imports.
Lundin Energy (former Lundin Petroleum) was an independent oil and gas exploration and production company formed from Lundin Oil in 2001 and based in Sweden with focus on operations in Norway. Lundin Energy’s oil and gas business was purchased by Aker BP in July 2022 in a deal worth more than US$14 billion. [ 2 ]
Indian Oil Corporation Limited (IOCL or IOC), trading as IndianOil, is an Indian multinational [3] [4] oil and gas company under the ownership of Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai but headquartered in New Delhi. [5]