India 2018

Energy 187
Oil Company Limited, UK. In 1981, OIL India Pvt. Ltd. became a wholly-owned
Government of India enterprise. In-country operational areas are spread over
Assam, Arunachal Pradesh, Mizoram, Bihar, Andhra Pradesh, Puducherry,
Andaman and Rajasthan. OIL has presence in nine countries, viz., Venezuela,
Libya, Gabon, Iran, Nigeria, Yemen, Sudan, Timor Leste and Egypt, pursuing
various activities.
In addition, OIL owns and operates a trunk crude oil pipeline in the north
east region of the country for transportation of crude oil to feed Numaligarh,
Guwahati and Bongaigaon refineries. OIL also owns and operates a branch line
to feed Digboi refinery.
O. W.: http://www.oil-india.com
Gas Authority of India Limited
The setting up of Gas Authority of India Limited (GAIL), formerly known as
Gas Authority of India Limited in 1984 heralded a new era of natural gas in the
country. Starting as a natural gas transmission company, it is today an integrated
energy company in the natural gas value chain with global footprints. Having
started as a gas transmission company it grew organically over the years by
building a large network of natural gas trunk pipelines covering a length of
over 8,700 km. Further, to strengthen position as India's premier integrated gas
company, GAIL has set up LNG import infrastructure and will be focusing on
areas like city gas distribution, petrochemicals business, diversifying into high
margin downstream areas in gas value chain and creating a portfolio of
renewable business.
O. W.: http://www.gailonline.com
Pricing of Petroleum Products
The Administered Pricing Mechanisam (APM) or cost plus pricing for petroleum
products which was introduced in 1976 was abolished from 2002, consequent
to the de-regulation of the oil sector in India. The Government notified that
pricing of all petroleum products except PDS kerosene and domestic LPG, would
be market determined. In June 2006, based on the recommendations of the
Rangarajan Committee, the Government changed the pricing mechanism for
petrol and diesel from import parity to trade parity (trade parity being the
weighted average of import parity and export parity prices in the ratio of 80:20)
while the pricing of PDS kerosene and domestic LPG continues on import parity
basis.
Indian Oil Corporation Limited
Indian Oil Corporation (Indian Oil) is India's flagship national oil company
with business interests encompassing the entire hydrocarbon value chain- from
refining, pipeline transportation and marketing of petroleum products to
exploration and production of crude oil and gas, marketing of natural gas,
petrochemicals, renewable energy and now into nuclear energy. The Indian Oil