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  #2  
Old 5th May 2016, 12:54 PM
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Default 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
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  #3  
Old 11th February 2017, 10:53 AM
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Default 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 11:41 AM.
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  #4  
Old 11th February 2017, 11:42 AM
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Default 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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