Oil India Limited (OIL) is under the administrative structure of:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Ministry of Petroleum and Natural Gas.
Oil India Limited (OIL) is under the administrative control of the Ministry of Petroleum and Natural Gas (MoPNG). OIL is a government-owned company that explores, develops, and produces crude oil and natural gas.
Explanation
- The MoPNG is responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum and natural gas.
- OIL is India's second largest national oil and gas company. It has a presence across India and in other countries.
- OIL has a long history of hydrocarbon exploration and production. It has a well-balanced asset portfolio that focuses on crude oil and natural gas production.