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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.
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.
Assam Petro-Chemicals Limited is a PSU which is owned by Oil India Limited [3] and Government of Assam. It is the largest producer of Methanol and Formaldehyde in India with production capacity of 600TPD Methanol and 325TPD Formaldehyde.
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas.
Rating Action: Moody's affirms Oil India's Baa3 ratings; downgrades BCA to ba1Global Credit Research - 30 Mar 2021Singapore, March 30, 2021 -- Moody's Investors Service has affirmed the Baa3 ...
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The Numaligarh Refinery is a division of Oil India Limited which is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is located at Numaligarh, Golaghat district, Assam in India. Numaligarh Refinery Limited (NRL) was a division of BPCL. It opened in 1999. [3] The commercial production commenced from 1st ...