|Potential Sectors of Investment|
|Mines & Minerals|
|Plastics and Polymers|
|IT & ITES|
|Aromatic and Medicinal Produce|
|Horticulture & Floriculture|
|Fresh Water Processing|
Assam has the oldest refinery in the country which started commercial production in 1901. Assam was the first state in the country where in 1889 oil was struck at Digboi in Tinsukia district. The refinery, now belongs to the Assam Oil Division of the Indian Oil Corporation, has a refining capacity of 3 lakh tonnes of petrol, kerosene, diesel and other petroleum products. The second refinery in Assam was set up at Noonmati in Guwahati under the public sector. It started production in 1962. It produces liquified petroleum gas (LPG), petrol, kerosene, diesel, furnace oil, coke etc. The third refinery in the region was established at Dhaligoan near Bongaigaon in 1972. It is known as Bongaigaon Refinery and Petro-Chemicals Limited (BRPL). The fourth refinery in the state was established at Numaligarh of Golaghat district in 1999, with a refining capacity of 3 million tonnes of oil and other products.
Assam has a huge reserve of oil and gas. It has 1.3 billion tonnes of proven crude oil.
The story of Oil India Limited (OIL) traces and symbolises the development and growth of the Indian petroleum industry. From the discovery of crude oil in the far east of India at Digboi, Assam in 1889 to its present status as a fully integrated upstream petroleum company, OIL has come far, crossing many milestones.
On February 18, 1959, Oil India Private Limited was incorporated to expand and develop the newly discovered oil fields of Naharkatiya and Moran in the Indian North East. In 1961, it became a joint venture company between the Indian Government and Burmah Oil Company Limited, UK.
In 1981, OIL became a wholly-owned Government of India enterprise. Today, OIL is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.
The authorised and paid up capital of the company as on March 31, 2007 are Rs. 500 crore and Rs. 214 crore respectively, with 98.13 per cent holding by the Government of India and 1.87 per cent by others. The net worth of the company as on March 31, 2007 is Rs. 6849.07 crore.
OIL has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the North East India, which accounts for its entire crude oil production and majority of gas production. Rajasthan is the other producing area of OIL, contributing 10 per cent of its total gas production.
In a recent CRISIL-India Today survey, OIL was adjudged as one of the five best major PSUs and one of three best energy sector PSUs in the country.
It is currently India's largest company by sales with a turnover of Rs. 285,337 crore and profit of Rs. 2,950 crore for fiscal 2008-09.
IndianOil is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, having moved up 19 places to the 116th position in 2008. It is also the 18th largest petroleum company in the world. IndianOil's vision is driven by a group of dynamic leaders who have made it a name to reckon with.
The Corporation is celebrating the year 2009 as its golden jubilee year.
IndianOil is currently metamorphosing from a pure sectoral company with dominance in downstream in India to a vertically integrated, transnational energy behemoth. The Corporation is already on the way to becoming a major player in petrochemicals by integrating its core refining business with petrochemical activities, besides making large investments in E&P and import/marketing ventures for oil&gas in India and abroad.
With a vision to evolve into a major technology provider through excellence in management of knowledge and innovation, IndianOil has launched IndianOil Technology Ltd. to market the intellectual properties developed by IndianOil's R&D Centre.
Its two major refineries Guwahati Refinery and Bongaigaon Refinery are situated in Assam. The Assam Oil Division of IOC is situated in Digboi, Assam.
It is a Govt. of Assam Undertaking and an ISO 9001 :2000 company, was established on March 31,1962 in Shillong as a private limited wholly owned by the Government of Assam to carry out all kinds of business related to natural gas in India. It has its present headquarters in the oil town of Duliajan in the district of Dibrugarh, Assam, India.
The Company entered into the gas transmission business in the year 1965 and stands today as one of the premier companies in India to be in the Natural gas transmission and distribution business.
Since its foray in the Gas transmission business for the last 36 years, the company has been continuously working towards marketing natural gas as a product for different market segments. Today natural gas is the most sought after fuel and raw material in the Petrochemicals, Fertiliser, Power, Tea, Commercial and Domestic sectors. The Company is also in the process of taking advantage of the changing environment by exploring avenues to have business ties with other companies. Study for the growth in gas transmission business by way of laying pipelines, supplying gas to consumers from various sources spread over north eastern India has been taken up. The Company has already drawn up a programme 'Vision 2010'.
Bongaigaon Refinery Petrochemical Ltd is merged with Indian Oil Corporation and is now called Indian Oil Corporation Ltd( Bongaigaon Refinery )
Numaligarh Refinery Limited (NRL), which was set up at Numaligarh in the district of Golaghat (Assam) in accordance with the provisions made in the historic Assam Accord signed on 15th August 1985, has been conceived as a vehicle for speedy industrial and economic development of the region.
The 3 MMTPA Numaligarh Refinery Limited was dedicated to the nation by the erstwhile Hon'ble Prime Minister Shri A. B. Vajpayee on 9th July, 1999. NRL has been able to display creditable performance since commencement of commercial production in October, 2000. With its concern, commitment and contribution to socio-economic development of the state combined with a track record of continuous growth, NRL has been conferred the status of Mini Ratna PSU.
The present authorized capital of the company is Rs. 1000 crores and paid up capital is Rs. 735.63 crores. The shareholding pattern as on 31-03-2006 is given below :
Bharat Petroleum Corporation Limited
Govt. of Assam
Oil India Limited
The Product range includes LPG, Naphtha, Motor Spirit ( MS), Aviation Turbine Fuel ( ATF)Superior Kerosene Oil ( SKO)High Speed Diesel (HSD), Raw Petroleum Coke ( RPC ) Calcined Petroleum Coke ( CPC) & Sulphur.
In 1955, Government of India decided to develop the oil and natural gas resources in the various regions of the country as part of the Public Sector development. With this objective, an Oil and Natural Gas Directorate was set up towards the end of 1955, as a subordinate office under the then Ministry of Natural Resources and Scientific Research. The department was constituted with a nucleus of geoscientists from the Geological survey of India.
Since its inception, ONGC has been instrumental in transforming the country's limited upstream sector into a large viable playing field, with its activities spread throughout India and significantly in overseas territories. In the inland areas, ONGC not only found new resources in Assam but also established new oil province in Cambay basin (Gujarat), while adding new petroliferous areas in the Assam-Arakan Fold Belt and East coast basins (both inland and offshore).
Today it is the only fully–integrated petroleum company in India, operating along the entire hydrocarbon value chain
|It is enjoys the first position in Asia in Exploration and Production|
|Holds largest share of hydrocarbon acreages in India.|
|Contributes over 80 per cent of Indian’s oil and gas production.|
|About one tenth of Indian refining capacity.|
|Interests in LNG and product transportation business.|
It is India's flagship Natural Gas company, integrating all aspects of the Natural Gas value chain (including Exploration & Production, Processing, Transmission, Distribution and Marketing) and its related services. In a rapidly changing scenario, we are spearheading the move to a new era of clean fuel industrialisation, creating a quadrilateral of green energy corridors that connect major consumption centres in India with major gas fields, LNG terminals and other cross border gas sourcing points. GAIL is also expanding its business to become a player in the International Market.
The Rs. 5460 crores Assam Gas Cracker Project with joint venture of GAIL, NRL, OIL, and Govt. of Assam has taken off with the foundation stone being laid by the Hon’ble Prime Minister Dr.Manmohan Singh. A joint venture company viz. Brahmaputra Cracker and Polymer Limited has been formed and acquisition of land has been completed. The project is scheduled to be complete by March 2012 and work is going on as per schedule.