 "Oil India likely to exit US, Russia blocks; to stay in Venezuela")
The upstream oil and gas (O&G) sector has delivered a stellar performance in the stock market in the recent past.
The O&G sector is dominated by PSUs and despite the imposition of a windfall tax, profitability has been impressive.
Oil India Limited (OIL) is particularly favoured by investors.
The PSU has delivered steady results in the October- December quarter of Q3 FY24, and it is looking to ramp up production in both oil and gas.
OIL’s subsidiary, Numaligarh Refinery (NRL), where it owns a 69.6 per cent stake (the rest is owned by the Assam Government and Engineers India), is delivering
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