Crude oil industry in india
Know more about investment in Oil and Gas industry at Invest India. India is the 4th largest importer of liquefied natural gas (LNG). India consumed 213.2 MMT petroleum products and 60,747 MMSCM natural gas. Oil India Limited is a Indian public sector company headquarters in Duliajan of Assam, engaged in the business of production of crude oil and natural gas. Oil India is part of the list of Maharatna and Navratna Companies in India, as part of Public sector undertakings. The foreign companies continued to play a key role in the oil industry. Oil India Limited was still a joint venture involving the Indian government and the British owned Burmah Oil Company (presently, BP) whilst the Indo-Stanvac Petroleum project in West Bengal was between the Indian government and the American company SOCONY-Vacuum (presently, ExxonMobil).