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Written by:

Adam B


Date added:

May 11, 2017








No of pages / words:

16 / 4433


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ONGC was started by the Government of India in the mid-1950 and is state owned. ONGC is state owned but management-wise ONGC is its own private company and not run by the government. Since the GoI started ONGC in the mid 1950’s, they have sold some of its share of the company, but the GoI and two state agencies own about 85% of ONGC...
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This is a staggering lead over any competitor in India, but on a global market ONGC is not the largest oil and gas producer. In 2002, ONGC purchased 37.39 percent equity of Mangalore Refineries and Petrochemicals Limited (MRPL) to diversify into the downstream business of refining and retailing. Then in 2003, ONGC purchased more shares and now has 71...
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