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The board of Oil India at its meeting held on 13 May 2026 has approved joint venture agreement between OIL Green Energy (wholly owned subsidiary of OIL) and Hindustan Waste Treatment (HWTPL)to form a Joint Venture Company (JVC) to act as an execution vehicle for development, implementation and operation of Compressed Biogas(CBG) projects.

Oil India will hold a meeting of the Board of Directors of the Company on 13 May 2026.

Oil India�(OIL), with 25% Participating Interest, is part of an Indian consortium along with�Indian Oil Corporation�in the onshore exploration Block namely Area 95/96 located in the highly prospective Ghadames Basin in south-western Libya, covering an area of ~6,630 sq. km. The Block, operated by M/s SIPEX, has a commitment of 08 exploratory wells, and drilling of 05 wells have been already completed, out of which 04 wells made oil and gas discoveries during 2012-2014.With resumption of activities, the drilling of the sixth well A1-96/02 has also resulted in a new gas and oil discovery. Following confirmatory testing, the National Oil Corporation (NOC), Libya has formally declared the well as the fifth discovery in the Block, reaffirming the significant hydrocarbon prospectivity of the exploration Block. Further detailed assessment of the discovery is planned through appraisal activities to firm up the overall resource potential and enable progression towards development of the discovery. This development marks a significant achievement for Oil India in its overseas exploration portfolio and reinforces OIL`s strategic focus on expanding its international footprint.

Oil India has inaugurated the capacity augmentation project of the Numaligarh-Siliguri Product Pipeline (NSPL). The Numaligarh-Siliguri Product Pipeline (NSPL) is a 654-km long, 406 mm (16-inch) diameter cross country multi-product pipeline which was originally designed and operated for a capacity of 1.72 Million Metric Tonnes Per Annum (MMTPA), the pipeline has now been upgraded to 5.5 MMTPA to support the expansion of Numaligarh Refinery from 3.0 MMTPA to 9.0 MMTPA under the Government of India`s Hydrocarbon Vision 2030 for the North-East. The capacity enhancement has been achieved through upgradation of existing infrastructure, including conversion of pigging stations at Sekoni, Guwahati, Bongaigaon and Madarihat into Intermediate Pumping Stations, augmentation of pumping facilities at Numaligarh Dispatch Terminal and Upgradation of facilities at Siliguri Receipt Terminal for enhanced operational efficiency and safety.Implemented as a brownfield project, the augmentation has been completed within approximately Rs 750 crore against the approved cost of Rs 860 crore, achieving substantial savings while optimizing the utilization of existing assets. During the execution phase, the project generated significant employment, with around 4.1-million-man hours over a period exceeding three years across Assam and West Bengal. The project represents a major milestone in strengthening petroleum product transportation infrastructure in the North-Eastern region and enhancing India`s energy security.Powered by Capital Market - Live News

Oil India announced the appointment of Bhupinder Kumar(DlN:11596173), Director, MoP&NG, as Government Nominee Director ofthe Company w.e.f. 10 March 2026 for a period three years (from the date of notification) on co-terminus basis or until further orders, whichever is earlierPowered by Capital Market - Live News