On which ownership the Oil India Limited is based?

Type Government Corporation
Owner Government of India (56.66%)
Number of employees 7,097 (March 2019)
Parent Ministry of Petroleum and Natural Gas , Government of India
Divisions Numaligarh Refinery Limited

Where is the headquarters of Oil India Limited?

Is Oil India Ltd joint sector?

Oil India limited is jointly owned by public and private sector,hence it is a joint sector industry.

Who is the owner of oil?

Oil India Limited (OIL) is the second largest government owned hydrocarbon exploration and production corporation. It is under the ownership of Ministry of Petroleum and Natural Gas , Government of India with its operational headquarters in Duliajan, Assam, India.

Which state of India have oil fields?

Assam , Gujarat and Rajasthan , which together account for more than 96 per cent of oil from onshore fields, and from the aged offshore Mumbai High Field .

Is there oil in India?

The oil and gas industry in India dates back to 1889 when the first oil deposits in the country were discovered near the town of Digboi in the state of Assam. … As on 31 March 2018, India had estimated crude oil reserves of 594.49 million tonnes (MT) and natural gas reserves of 1339.57 billion cubic meters (BCM).

What does Oil India Limited do?

Oil India Limited is an Exploration and Production Company engaged in the business of exploration and production of Crude Oil & Natural Gas, production of LPG, transportation of Crude Oil and Product transportation from Numaligarh to Siliguri which are not directly supplied/delivered to general public.

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Is Oil India Limited a private sector?

Oil India Ltd was incorporated as a private limited company on February 18 1989 as Oil India Pvt Ltd. The company was incorporated with the main objective of exploration and production of crude oil. The name of the company was changed from Oil India Pvt Ltd to Oil India Ltd with effect from May 4 1961.

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