The Indian Oil Corporation is a state-owned oil and gas corporation with a 33,000 strong workforce. It specializes in refining, transporting and marketing petroleum products in India. It is also involved in the exploration and production of crude oil and gas. The company is the second largest player in the domestic petrochemical market, with more than 25,000 petrol/diesel stations and exports to over 70 countries. It is headquartered in New Delhi, India.