India’s biggest oil refiner has developed refining processes that may help it save at least $1.5 billion in costs as well as challenge global giants in the technology leasing business.
State-owned Indian Oil Corp (IOC) has bid for a stake in Vietnam’s Binh Son Refining and Petrochemical Company as it looks at the South Eastern nation to expand business beyond Indian shores.
Indian refineries booked the largest amount of West African oil to load per day in February since April 2015, helping to shore up a decline in Chinese buying, a Reuters survey of vessel fixtures and traders showed on Friday.
Indian Oil Corporation rose 2.34% to Rs 391.35 at 10:54 IST on BSE after the company said that its board may consider bonus issue of shares along with its announcement of Q3 December 2017 results in a meeting scheduled on 30 January 2018.
The rise in Indian basket of imported crude oils pushed the petrol price in the national capital to Rs 71.56 a litre on Thursday, its highest level in over three years.
Indian Oil Corporation (IOC), the country’s largest fuel retailer, has signed Letters of Intent (LoI) with Phinergy, an Israeli start-up company, and YEDA, a technology company from Weizmann Research Institute, Israel, the company said in a statement on Tuesday.
State-owned Indian Oil Corp. Ltd is planning to adopt a new way of supplying cooking gas to the far flung northeastern states by first exporting it to Bangladesh in a move that will drastically cut the refiner’s freight cost and help in integrating the energy markets in the two Asian nations, chairman Sanjiv Singh said.
Indian Oil Corp (IOC), the nation’s biggest oil company, is evaluating setting up a Rs 20,000-crore coke gasification project at its Paradip refinery in Odisha to convert the lowest-cost fossil fuel into gas that can be used to generate power or make petrochemicals.
State-owned oil refiner Indian Oil Corporation(IOC) has said that the impact of the goods and services tax (GST) would be nearly Rs 4,200 crore as it would not be able to claim input tax credit (ITC) for automotive fuels that fall outside GST.
Hindustan Oil Exploration Company Ltd (HOEC) said it has commenced the first commercial gas sale from Dirok gas field in Assam.