Oil India Limited (OIL), a Navratna Public Sector Undertaking (PSU), is a major player in India's upstream sector, focusing on exploration, development, and production of crude oil and natural gas. As the second largest national oil and gas company in India, OIL holds significant reserves and production capacities. It operates across the hydrocarbon value chain, including crude oil transportation and LPG production. OIL has a notable presence both domestically and internationally, with stakes in oil and gas blocks across nine countries and ownership in Numaligarh Refinery Limited and Brahmaputra Cracker and Polymer Limited.
The Government of India holds a 56.66% stake in the company, making it the promoter, while the remaining shares are publicly held. OIL has diversified its portfolio with investments in renewable energy, including wind and solar projects, and has pursued strategic international ventures, such as LNG projects in Mozambique and upstream assets in Russia. The company continuously invests in exploration, having undertaken seismic surveys and drilling operations to expand its resource base, and aims to achieve significant increases in oil and gas production.
