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.
Indian Oil Corp is considering buying Venezuelan crude for the first time in at least six years, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm.
In a major step in spreading the use of green energy, India’s first electric vehicle (EV) charging station was started in Nagpur on Sunday by Indian Oil Corp (IOC), according to the state-run oil marketing company.
India’s top refiner Indian Oil Corp on Wednesday began trading crude oil through its Singapore unit, buying a million barrels of Nigerian oil Akpo, the state-run company’s head of finance AK Sharma said.
State-owned Indian Oil Corp Ltd aims to have 13.5 million tonnes of liquefied natural gas (LNG) import capacity in five years, head of business development G K Satish said on Friday, as India moves toward a gas-based economy under Prime Minister Narendra Modi
Indian Oil Corp, the country’s top refinery, has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday.