#1
5th May 2016, 12:11 PM
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Role of ONGC in Indian Economy
Hello, I want to know the details of the role of the Oil and Natural Gas Corporation in Indian economy.
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#2
5th May 2016, 12:24 PM
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Re: Role of ONGC in Indian Economy
Hello, here I am providing you the details of the role of the Oil and Natural Gas Corporation in Indian economy as under: About the company: Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, Uttarakhand, India. It is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. Rankings: ONGC is ranked as the Top Energy Company in India, Fifth in Asia and 21st globally as per Platts Top 250 Global Energy Rankings; Maintains place as World's Third ranked E&P Company in the list. Ranked 21st among global Oil and Gas Operations industry in Forbes Global 2000 list of the World's biggest companies for 2014; Ranked 176 in the overall list - based on Sales (US$ 29.6 billion), Profits (US$ 4.5 billion), Assets (US$ 53.8 billion) and Market Value (US$ 46.4 billion). Valuable enterprise: ONGC won Petrofed Oil & Gas Industry Awards 2011 in three categories - "Exploration & Production: Company of the Year", "Project Management (above Rs. 2000 crore): Company of the Year" and "Innovator of the Year: Team (Won by IOGPT)" ONGC bagged Oil Industry Safety Directorate (OISD) awards for "Best Overall Safety Performance of Oil and Gas Onshore Assets" and "Most Consistent Safety Performer Award" (won by Rajahmundry Asset of ONGC) for the year 2011-12. In addition, JV operation at Panna gas field between ONGC, BG and Reliance, operated by BG India won the OISD award for "Best Production Platform – Pvt/JV Companies" Role of Oil and Natural Gas Industry in India GDP-Highlights India is the 6th largest consumer of petroleum By the year 2010, India is expected to rank 4th in terms of consumption of energy The contribution of the Indian Oil and Natural Gas Industry is nearly US$ 13.58 billion All of the oil refineries in India, apart from two are operated by the states The total refinery output in the period 2005-06 was 130.11 million tonnes The growth rate of the refinery output was increased by 2.1 % in the year 2005-06 The crude oil output at the end of 2006-07 was 33.98 million tonnes The growth rate of the crude oil output was increased by 5.6% in the year 2006-07 The production of natural gas in the year 2006-07 was 31.55 billion cubic meters Indian petroleum demand depends highly on import of oil and natural gas Around 70% of the demands are fed by the imports of oil and natural gas The security pertaining to energy has become one of the primary concerns of the Central Government Presently India is trying to grab a share of the oil and gas fields from Central Asia to Myanmar and Africa The area of interest for the Indian Oil and Natural Gas Industry is to search for petroleum in both offshore and onshore blocks |
#3
11th February 2017, 10:23 AM
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Role of ONGC in Indian Economy
My sister has got topic on ‘ONGC: Role in Indian Economy’ for her school quiz. She wants important points on this topic. So is there anyone who will provide important topics on Role of ONGC in Indian Economy?
Last edited by Rajkumar Agarwal; 11th February 2017 at 11:11 AM. |
#4
11th February 2017, 11:12 AM
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Re: Role of ONGC in Indian Economy
Here I am giving important points for Role of ONGC in Indian Economy for your reference: ROLE OF ONGC IN INDIAN ECONOMY IMPORTANT POINTS India is the 6th largest consumer of petroleum By the year 2010, India is expected to rank 4th in terms of consumption of energy The growth rate of the refinery output was increased by 2.1 % in the year 2005-06 The growth rate of the crude oil output was increased by 5.6% in the year 2006-07 Indian petroleum demand depends highly on import of oil and natural gas The contribution of the Indian Oil and Natural Gas Industry is nearly US$ 13.58 billion The total refinery output in the period 2005-06 was 130.11 million tonnes The crude oil output at the end of 2006-07 was 33.98 million tonnes The production of natural gas in the year 2006-07 was 31.55 billion cubic meters All of the oil refineries in India, apart from two are operated by the states Around 70% of the demands are fed by the imports of oil and natural gas The security pertaining to energy has become one of the primary concerns of the Central Government Presently India is trying to grab a share of the oil and gas fields from Central Asia to Myanmar and Africa The area of interest for the Indian Oil and Natural Gas Industry is to search for petroleum in both offshore and onshore blocks ROLE OF ONGC IN INDIA GDP-WORLD'S REFINER The cost effective refining in India is attracting the attention of several international players The crude oil from Middle East is easily transported to India by means of the sea routes India is one of the most important markets for petroleum products and crude oil ROLE OF ONGC IN INDIA GDP-INVESTMENTS ABROAD India is one of the largest investors in oil fields located abroad The Oil and Natural Gas Corporation (ONGC) has entered into an agreement with ENI to acquire 20-25 % share of the Congo oil block Coast, Vietnam, Myanmar, Russia, Iraq, Qatar, and Australia India has 20 % share in Sakhalin-I oil project in Russia Most of the Government owned oil companies have share in the oil and gas fields in different places of the world such as Sudan, Egypt, Libya, Ivory |
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