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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 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]
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.
The Forbes Global 2000 published on 18 April 2012 [1] is a ranking of largest companies in the world, by a mix of four metrics: sales, profits, assets and market value.The ranking number shows the ranking among all other Nordic companies on the list, while the number displayed within parenthesis shows the actual ranking among all the companies on the Forbes Global 2000 list.
The Swedish East India Company (Swedish: Svenska Ostindiska Companiet; SOIC) was founded in Gothenburg, Sweden, in 1731 for the purpose of conducting trade with India, China and the Far East. The venture was inspired by the success of the Dutch East India Company and the British East India Company .
scrapped in Alang, India Société Maritime Shell France France: Batillus class supertankers/Batillus: Chantiers de l'Atlantique/Alstom Marine: Supertanker 1976 1985 scrapped in Kaohsiung, Taiwan Zenit Tank AB Sweden: Ultra Large Crude Carrier/T/T Nanny: Uddevallavarvet: Supertanker 1978 2003 scrapped in Jiangyin, China Saléninvest AB Sweden
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.
The first Swedish minister in India, envoy Gunnar Jarring, handed over his letter of credence to the Indian Governor-General C. Rajagopalachari on 9 November 1948. [2]In August 1956, an agreement was reached between the Swedish and Indian governments on the mutual elevation of the respective countries' legations to embassies.