ONGC Full Form Headquarters
Oil and Natural Gas Corporation Limited
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| ONGC Full Form Headquarters |
History/Introduction of ONGC
After India acquired autonomy in 1948, India's administration perceived the significance of gas and oil for Indian organizations to extend, so it chose to assemble the hydrocarbon area.
In 1955, a Department for Oil and Natural Gas was set up under the Ministry of Natural Resources and Scientific Research to further develop the country's flammable gas and oil creation.
The Indian Parliament embraced the Industrial Policy Resolution in 1956 and incorporated the oil and gas area among the Schedule 'A' ventures. The Oil and Natural Gas directorate have now been elevated to the Board of Oil and Natural Gas.
ONGC was rebuilt as a restricted endeavor under the Company Act, 1956, in February 1994. It has turned into a public help endeavor and has been renamed to Oil and Natural Gas Corporation Limited(ONGC).
In 1999, ONGC and Indian Oil Corporation (IOC) consented to purchase joint stock to extend their homegrown and global area.
ONGC framed ONGC Videsh Ltd. (OVL) as its auxiliary for entering the worldwide market in the year 2002-03.
It was recorded as India's greatest benefit making PSU for the financial year 2019-20, in a Government review delivered. It is additionally positioned seventh worldwide by Platts among the main 250 energy firms.
ONGC Headquarters located at Deendayal Urja Bhawan, Vasant Kunj, New Delhi, India. It was founded on 14 August 1956.
What is ONGC full form headquarters?
The full name of ONGC is Oil and Natural Gas Corporation Limited. It is an Indian raw petroleum and Gas global company and its administrative center is situated in New Delhi, India. ONGC is a public area project which is under the authoritative control of the Government of India's Ministry of Petroleum and Natural Gas. In February 1994, ONGC was reconfigured as a restricted venture under the Company Act, 1956.
ONGC Overview
ONGC is also called as PSU [Public sector Undertakings] in India just as abroad. You will get an outline of it where we stand.
A. Exploration:-
1. ONGC is the biggest investigation Estate and mining leaseholder in India.
2. 83% of set up saves in the nation have been established by ONGC.
3. 22 new disclosures, 10 new studies in FY'15
4. Reserve Replenishment Ratio (RRR) throughout the previous ten years has been multiple (3P Reserves).
B. Production:-
1. 1184 oil wells and 151 gas wells in seaside regions and 4735 oil wells and 606 gas wells in the edge of the land as on first April 2015.
2. Western seaward creation raised by 7.5%.
3. It produces 1.2 million barrels of oil like it each day.
4. ONGC has a responsibility of 69% of unrefined petroleum and 70% of flammable gas creation.
Operations of ONGC
ONGC activities cover show, investigation and creation. It has auxiliaries across the globe to spread its essence all around the world are portrayed here
A. ONGC Videsh Limited (OVL):-
It appeared on 15th June 1989, OVL essential job is to take care of Oil and Gas possibilities, which incorporates investigation, improvement and creation. It conveys a 100 percent stake on the lookout.
B. Hindustan Petroleum Corporation Ltd (HPCL):-
It is an Indian Self-administered organization who bargains in oil and petroleum gas, base camp arranged in Mumbai. It possesses 25% of stake in the market of India. HPCL positioned 367th among fortune worldwide 500 rundown of the world's first class organizations.
ONGC Vision
ONGC vision is to be famous in different parts of development, information and greatness.
ONGC Mission
1. Claims obligation to security, wellbeing and climate to guarantee the nature of local area life.
2. Ingest exclusive requirements of morals and business esteems.
3. Creating development angles and expanding benefit esteems.
4. Continue to keep up with its need of business at homegrown or global level for business openings.
ONGC Various Products
a. Aromatic Rich Naptha
b. Crude Oil
c. Ethane
d. HSD (High-Speed Diesel)
e. LPG (Liquefied Petroleum Gas)
f. Motor Spirit
g. Natural Gas
h. Superior Kerosene Oil
Existence of ONGC across the worldwide
A. OVL in Latin America:-
Brazil
Cuba
Colombia
Venezuela
B. OVL in Africa:-
Libya
Mozambique
Nigeria
Sudan
Other full forms of ONGC
- Oil and Natural Gas Corp
- Oil and Natural Gas Commission
- Organization's No Governmental's Catalanes
Conclusion
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