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Oil

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.




Oil India Ltd.



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.


Site Last Updated on : January 22, 2017