What is the full form of ONGC?
The ONGC full form is Oil and Natural Gas Corporation. It is an Indian multinational oil and gas corporation with its headquarters in New Delhi, India. ONGC is a public sector project under the administrative responsibility of the Ministry of Petroleum and Natural Gas of the Government of India. ONGC was established by the Indian government on August 14, 1956.
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History ONGC
- After achieving independence, India’s government realized the importance of gas and oil to the growth of Indian businesses, thus it began to develop the hydrocarbon sector.
- In 1955, a Department for Oil and Natural Gas was founded under the Ministry of Natural Resources and Scientific Research to enhance the nation’s oil and natural gas production.
- In 1956, the Indian Parliament issued the Industrial Policy Resolution and listed the oil and gas industry on Schedule ‘A’ The Oil and Natural Gas division has been elevated to the Oil and Natural Gas Board.
- ONGC was reorganized as a limited liability company under the Company Act of 1956. It has been renamed “Oil and Natural Gas Corporation (ONGC)” as it has become a public service organization.
- In 1999, ONGC and IOC agreed to purchase joint shares to grow their domestic and foreign sectors.
- In 2002-2003, ONGC founded ONGC Videsh Ltd. (OVL) as its subsidiary to join the global market.
Various ONGC products
Below is a list of Oil and Natural Gas Corporation’s various products.
- Natural Gas
- Crude Oil
- Motor Spirit
- Superior Kerosene Oil
- Aromatic Rich Naphtha
- LPG (Liquefied Petroleum Gas)
