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.

India To Sell $2b Stake In State Held Oil Majors

India To Sell $2b Stake In State Held Oil Majors

The Indian government is eyeing proceeds of more than $2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC, Indian Oil Corp, and Oil India Ltd, the Economic Times reports, citing unnamed sources and noting that the stake sale is part of an ongoing divestment program.