Oil and Natural gas Corporation FY 09 1Q Performance at FinGad.com

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Oil and Natural gas Corporation FY 09 1Q Performance

Categorie: Equities
Submitted 3 months ago by

Narasimhan , Owner at Krish Systems

COMPANY HISTORY Oil and Natural gas Corporation (ONGC), one of the leading Public sector Oil Companies was incorporated in the year 1993. Till 1955, only two oil companies namely Assam Oil Company and Attock Oil Company dominated the India’s oil and gas market. Then in 1956, Indian government formed Oil and natural gas commission to promote, organize and implement programmes for the production, sales and marketing of petroleum products in India. The commission initiated many measures and discovered new oil fields in the northeastern India. The company in 1970’s explored offshore and discovered many gas and oil fields including Mumbai High in the western part of the country. In 1991 as the Indian government liberalized economic policies and it disinvested its investments partially in all Public sector undertakings. Then the commission initiated in 1956 was incorporated as Oil and Natural Gas Corporation in 199... More...

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#1 | Liz @ 3 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Recently, ONGC said that it would spend $3 billion to develop offshore fields and install processing facilities to produce up to 39 million standard cubic metres of gas, but didn't say when it would start.

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