OIL meaning in Navratna Central Public Sector Enterprise ?
Answer: What is Oil India Limited mean?
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. The corporation is a Navratna with its offices in Noida, Uttar Pradesh, Guwahati and Jodhpur.
OIL is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. The company's history spans the discovery of crude oil in India in the year 1889, this was second in the World in the far east of India at Digboi and Naharkatiya, Assam to its present status as a fully integrated upstream petroleum company presently operating in more than 9 locations overseas. Recently, OIL acquired majority shares in Numaligarh Refinery Limited (NRL) from Bharat Petroleum Corp. Ltd. , thus making NRL a subsidiary of OIL.
reference
Comments(0)
Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.