Ongc Interim

Topics: Petroleum, Natural gas, Supply chain management Pages: 4 (1302 words) Published: February 28, 2015
ONGC is oil and Natural gas corporation limited is an Indian multinational oil and gas company headquartered in Dehradun, India. It is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is India's largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas. History

ONGC, was set up in 1956 with significant contribution in industrial and economic growth of the country, ONGC is a leading National Oil Company of India engaged mainly in exploration, development and production of crude oil, natural gas and some value added products. ONGC was subsequently converted into a public limited company in Jun.'93 following new liberalized economic policy adopted by the Government of India in July, 1991 sought to deregulate and relicense the core sector (including petroleum sector) with partial disinvestment of Govt. Equity in Public Sector Undertakings and other measures. Vision & Mission

“To be global leader in integrated energy business through sustainable growth, knowledge excellence and exemplary governance practices.” World Class
Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people. Imbibe high standards of business ethics and organizational values. Abiding commitment to safety, health and environment to enrich quality of community life. Foster a culture of trust, openness and mutual concern to make working a stimulating and challenging experience for our people. Strive for customer delight through quality products and services. Integrated In Energy Business

Focus on domestic and international oil and gas exploration and production business opportunities. Provide value linkages in other sectors of energy business.
Create growth opportunities and maximize shareholder value

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