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Petroleum Industry

Petroleum Industries in India work with foreign companies and now private players also are getting involved. Private players are making better integration of their existing business with the petroleum business.
Although most of the business is done by major player in India such as Oil and Natural Gas Ltd Oil India Ltd GAIL (India) Ltd India Oil Corporation Bharat Petroleum Corporation Ltd Hindustan Petroleum Corporation Ltd Reliance Industry Ltd Essar Oil & Gas Shell India Pvt. Ltd. BG India Cairn Energy India Pvt Ltd Hardy Exploration & Production (India) Niko Resources Ltd Ravva Oil
The petroleum industry had may international players operating in the country until it was nationalised in the 1970s. Disinvestment in some major companies was an agenda of economic reforms as the government held 100% equity in BPCL till 1992 when it offloaded 30% stake in favour of institutional investors.
India is the 3rd largest consumer of oil in the world and the fourth largest liquified Natural Gas (LNG) im…