What is Oil and Natural Gas Corporation?
'''Oil and Natural Gas Corporation''' is an [[India]]n [[crude oil]] and [[gas]] company. Its registered office is in [[New Delhi]]. It is owned by the [[Government of India]], under the administrative control of the Ministry of [[Petroleum]] and [[Natural gas|Natural Gas]]. It is the largest oil and gas exploration and production company in the country, and produces around 70% of India's [[crude oil]] (about 57% of the country's total demand) and around 84% of its natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC. This gives it more freedom to make [[Investment|investments]].<ref>{{Cite web|title='Maharatna' Status to Power Finance Corporation|url=https://www.drishtiias.com/daily-updates/daily-news-analysis/maharatna-status-to-power-finance-corporation|access-date=2022-03-23|website=Drishti IAS|language=en}}</ref> It was the top profit making public sector undertaking in India in the financial year 2021–22. It is ranked 7th among the Top 250 Global Energy Companies by [https://www.spglobal.com/en/merger/platts/platts-and-ihsm-now-commodity-insights?gclid=CjwKCAjwlcaRBhBYEiwAK341jRooQ5KsrOPlVdwcWqXC1jsngjNTf97ifvVh4ewR6x_TfLfTLnMMzRoCJN8QAvD_BwE Platts]. It was founded on 14 August 1956 by the [[Government of India]]. It is involved in exploring for and exploiting [[Hydrocarbon|hydrocarbons]] in 26 [[Sedimentary rock|sedimentary basins]] of India, and owns and operates over 11,000 kilometers of [[Pipeline|pipelines]] in the country. ONGC has discovered 6 of the 7 commercially producing Indian Basins, in the last 50 years, adding over 7.15 billion tonnes of In-place Oil & Gas volume of hydrocarbons in Indian basins. == References == {{reflist}} [[Category:Companies of India]] [[Category:New Delhi]] {{asia-stub}} [[Category:Petrol companies]]