IOC to raise $3 billion more in overseas loan

IOC to raise $3 billion more in overseas loan

State-owned Indian Oil Corp (IOC) may raise about USD 3 billion more through US dollar bonds issue after the Reserve Bank permitted fuel retailers to raise an overseas loan to check fall in rupee value, its Chairman Sanjiv Singh said Wednesday.

Indian Oil Corp says to buy 180,000 bpd Iranian oil in 2018/19

Indian Oil Corp says to buy 180,000 bpd Iranian oil in 2018/19

India’s biggest state-owned crude oil refiner Indian Oil Corp Ltd aims to lift full volumes under its 2018/19 annual contract with Iran, a company official said on Thursday. The company has a deal to buy 180,000 barrels per day (bpd)Iranian oil this fiscal year.

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