The Indian Refining and Marketing industry which is the downstream segment of the entire oil and gas chain consist of 3 kinds of players namely:
– Pure Refining companies consist of those companies which are engaged only in refining. There are very few companies which are only into refining. In India, PSU oil companies have acquired pure play refiners. Eg: Chennai Petroleum Corporation Limited (CPCL) has been acquired by IOCL, Mangalore Refinery and Petrochemicals Ltd. (MRPL) by ONGC and Numaligarh Refineries Ltd. (NRL) by BPCL.