What does ONCG mean in COMPANIES & FIRMS
ONGC has several sub-divisions, including:
ONCG meaning in Companies & Firms in Business
ONCG mostly used in an acronym Companies & Firms in Category Business that means Oil and Natural Gas Corporation Limited
Shorthand: ONCG,
Full Form: Oil and Natural Gas Corporation Limited
For more information of "Oil and Natural Gas Corporation Limited", see the section below.
- ONCG stands for Oil and Natural Gas Corporation Limited.
- It is an Indian multinational oil and gas company headquartered in New Delhi, India.
Formation
- ONGC was established on August 14, 1956.
- It was initially a state-owned enterprise under the Ministry of Petroleum and Natural Gas.
- In 1995, ONGC became a publicly listed company.
Operations
- Exploration and Production: ONGC is primarily engaged in the exploration and production of crude oil and natural gas.
- Refining and Marketing: It operates refineries and sells petroleum products through its subsidiary, ONGC Videsh Limited (OVL).
- Petrochemicals: ONGC produces petrochemicals such as ethylene, propylene, and polypropylene.
- Overseas Operations: ONGC has operations in over 20 countries worldwide.
Significance
- Largest Oil and Gas Company in India: ONGC is the largest oil and gas company in India, accounting for over half of the country's crude oil production.
- Government Stake: The Government of India holds a majority stake of 68.95% in ONGC.
- Strategic Importance: ONGC plays a vital role in India's energy security.
Sub-Divisions
- ONGC Energy Center
- ONGC Petro Additions Limited
- Mangalore Refinery and Petrochemicals Limited
- ONGC Tripura Power Company Limited
Essential Questions and Answers on Oil and Natural Gas Corporation Limited in "BUSINESS»FIRMS"
What is ONGC?
ONGC, or Oil and Natural Gas Corporation Limited, is an Indian multinational oil and gas company headquartered in New Delhi, India. It is the largest government-owned oil and gas exploration and production company in India, accounting for around 70% of India's crude oil production and around 64% of its natural gas production.
What are the key business segments of ONGC?
ONGC's primary business segments include:
- Exploration and Production: Searching for and extracting crude oil and natural gas from underground reservoirs.
- Refining: Processing crude oil into various value-added products, such as gasoline, diesel, and jet fuel.
- Transportation: Operating pipelines and terminals to transport oil and gas.
- Marketing and Distribution: Selling and distributing oil and gas products to end consumers.
Where does ONGC operate?
ONGC operates in over 20 countries across the globe, including India, Egypt, Sudan, Venezuela, Brazil, and Russia. It has a presence in both onshore and offshore areas, with a significant focus on deepwater exploration and production.
What are the major achievements of ONGC?
ONGC has made several significant achievements in the oil and gas industry, including:
- Discovering and developing some of the largest oil and gas fields in India, such as the Bombay High and Neelam fields.
- Establishing a strong international presence with operations in various countries.
- Implementing innovative technologies to enhance exploration, production, and transportation efficiency.
- Playing a key role in India's energy security and economic development.
Final Words:
- ONCG is a leading oil and gas company that plays a critical role in India's energy sector.
- It is known for its extensive exploration and production operations, refining capabilities, and global presence.
- ONGC continues to drive India's energy independence and contribute to its economic growth.