2 days ago · Welcome to the world of IndianOil, an integrated oil company in India and across the globe has its presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources.

Indian Oil Corporation Limited (IOCL or IOC), trading as IndianOil, is an Indian multinational [3] [4] oil and gas company under the ownership of Government of India and administrative control of the Ministry of Petroleum and Natural Gas.

India imports 82% of its oil needs and aims to bring that down to 67% by 2022 by replacing it with local hydrocarbon exploration, renewable energy and indigenous ethanol fuel. [3] . India was the second top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [4]

The company is the leading oil and gas PSU from India featuring on 116 position in the Fortune 'Global 500' list. It has maintained its leadership in the ‘BW Top 500’ for the third consecutive year and has been recognized as the most respected oil and gas company by Business World.

Oil minister Hardeep Singh Puri said Russian oil accounted for about 0.2% of India's overall crude imports prior to the Ukraine war. Russian oil now accounts for over a third of Indian oil imports.

Feb 7, 2024 · India is expected to be the largest driver of global oil demand growth between 2023 and 2030, narrowly taking the lead from top importer China, the International Energy Agency (IEA) said on...

Indian Oil Corporation Limited (IndianOil) is the country’s largest integrated and diversified energy company. IndianOil’s presence across the entire hydrocarbon value chain allows it to create sustainable business outcomes. Today, IndianOil accounts for the largest market share of India’s petroleum product consumption.

India’s role in global oil markets is expected to expand substantially over the remainder of the decade, fuelled by strong growth in its economy, population and demographics. In this Report, we look at how these wideranging changes will impact global oil markets.

Oct 8, 2024 · India will radically reform regulations and invite foreign oil majors to explore both onshore and offshore as it races to extract as much oil as possible while there remains a market for...

The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these developments may impact Indian crude and product net trade.