Question

Write about Oil and Natural Gas Commision (ONGC)​

Answer 1

Answer:

The Oil and Natural Gas Commission (ONGC), India's largest petroleum exploration and production entity, is organized as a state statutory body rather than a public company, but is run on a profit-making basis with these revenues flowing to the Indian Exchequer.

Explanation:

Oil and Natural Gas Corporation (ONGC) is an Indian multinational oil and gas company earlier headquartered in Dehradun, Uttarakhand, India.

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Answer 2

Answer:

ONGC was founded on 14 August 1956 by Government of India. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India, and owns and operates over 11,000 kilometers of pipelines in the country. Its international subsidiary ONGC Videsh currently has projects in 17 countries. Hindustan Petroleum Corporation Limited; MRPL; ONGC Videsh; OPAL; ...

Owner: Government of India (60.409%); LIC (9.477%); Indian Oil (7.845%).