Oil India

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Oil India, (OIL) is a large natural gas and petroleum company in India under the administrative control of the Ministry of Petroleum and Natural Gas of the Government of India. 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.

OIL is the pioneer in exploration and production of hydrocarbons in India, and traces its roots back to Oil India Private Ltd., formed in 1959 with The Burmah Oil Company Ltd. holding two-thirds of equity and Government of India holding one-third. Oil India Private evolved into Oil India Ltd., which was an equal partnership between Burmah Oil and Government of India. In 1983 the company became a public sector undertaking of the Government of India.

The Company has over 100,000 square kilometers of license areas for oil and gas exploration. It has emerged as a consistently profitable international company with exploration blocks as far as Libya and sub-Saharan Africa.

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