Full formOrganisations
OVLstands forONGC Videsh Limited
Full Form of OVL
What is OVL?
ONGC Videsh Limited (OVL) is the wholly owned overseas subsidiary of the Oil and Natural Gas Corporation (ONGC), India's largest state-owned oil and gas exploration and production company. Established in 1989, OVL is entrusted with the mission of acquiring and developing energy assets abroad to bolster India's energy security. The company operates in over 15 countries, including Russia, Vietnam, Brazil, and Mozambique, engaging in exploration, production, and pipeline projects. OVL plays a pivotal role in diversifying India's energy sources and reducing dependence on volatile global markets. Its operations are frequently referenced in economic and energy policy discussions, as well as in business news reports. For students preparing for competitive exams such as UPSC, banking, and energy sector recruitment, knowledge of OVL is essential for understanding India's international energy strategy and public sector undertakings (PSUs). The company also contributes to technological collaboration and capacity building in the hydrocarbon sector, making it a key player in India's economic diplomacy.
OVL का फुल फॉर्म
ओएनजीसी विदेश लिमिटेड
Example
OVL recently secured a 20% stake in a major deepwater block off the coast of Brazil, strengthening India's overseas energy portfolio.
OVL — frequently asked questions
What is the full form of OVL?
The full form of OVL is ONGC Videsh Limited, the international subsidiary of India's Oil and Natural Gas Corporation.
What is the role of OVL in India's energy sector?
OVL acquires and operates oil and gas assets in foreign countries to ensure a steady supply of energy for India, thereby strengthening the nation's energy security and reducing import dependence.
Is OVL a government-owned company?
Yes, OVL is a wholly owned subsidiary of ONGC, which is a Maharatna public sector undertaking under the Ministry of Petroleum and Natural Gas, Government of India.