RIL World’s 3rd Largest Energy Firm: Platts Rankings

Reliance Industries Ltd (RIL) is the world’s third-biggest energy company behind Russian gas firm Gazprom and German utility E.ON, according to Platts Top 250 Global Energy Company Rankings.

State-owned Indian Oil Corp (IOC) climbed to 7th position in the 2017 ranking, up from 14th rank in 2016. Oil and Natural Gas Corp (ONGC) was placed at 11th position in 2017 as against 20th in 2016. Coal India Ltd, the world’s largest coal producer, was the only Indian firm to have slipped in the ranking – 45 in 2017.
Important Takeaways from Above News-

  • Russia’s Gazprom snagged the number 1 spot, ending US oil and gas giant ExxonMobil’s 12-year reign at the top of the list.
Source- Livemint

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