Ministry of Petroleum & Natural Gas

Ministry of Petroleum & Natural Gas deals with exploration and production of oil and gas, (including import of Liquefied Natural Gas) refining, distribution & marketing, import, export and conservation of petroleum products. The allocated work includes exploration for petroleum resources including Natural Gas and Coal Bed Methane and their production, refining, supply, distribution, marketing and pricing. The institutional infrastructure of the Ministry includes a Petroleum & Natural Gas Regulatory Board, Oil Industry Development Board, Petroleum Conservation Research Association, Oil Industry Safety Directorate, Centre for High Technology and Directorate General of Hydrocarbons.

The companies under the administrative control of the Ministry include Fortune-500 companies such as Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) and other major companies such as GAIL (India) Limited, Oil India Limited (OIL) and Engineers India Limited (EIL).

To achieve the goal of Energy Security, there is a massive programme of exploration, not only in India through the New Exploration Licensing Policy, but also abroad through various public sector companies, in particular, ONGC-Videsh Limited, a consortium of Oil India Limited - Indian Oil Corporation Limited and Bharat Petrol Resources Limited. The specific interests being pursued abroad are equity participation in developed oil and gas fields, exploration and production contracts in new fields, both oil and natural gas, participation in mid-stream and down-stream projects and participation in transnational oil and gas pipeline projects.

FICCI

Established in 1927, FICCI is the largest and oldest apex business organisation in India. Its history is closely interwoven with India's struggle for independence and its subsequent emergence as one of the most rapidly growing economies globally. FICCI plays a leading role in policy debates that are at the forefront of social, economic and political change. Through its 400 professionals, FICCI is active in 38 sectors of the economy. FICCI's stand on policy issues is sought out by think-tanks, governments and academia. Its publications are widely read for their in-depth research and policy prescriptions. FICCI has joint business councils with 79 countries around the world.

A non-government, not-for-profit organisation, FICCI is the voice of India's business and industry. FICCI has direct membership from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 83,000 companies from regional chambers of commerce.

FICCI works closely with the Government on policy issues, enhancing efficiency, competitiveness and expanding business opportunities for industry through a range of specialized services and global linkages. It also provides a platform for sector specific consensus building and networking. Partnerships with countries across the world carry forward our initiatives in inclusive development, which encompass health, education, livelihood, governance, skill development, etc. FICCI serves as the first port of call for Indian industry and the international business community.