Saudi Aramco, the world’s largest oil producer, will hold an equal stake in the planned $44-billion refinery-cum-petrochemical project in Maharashtra, Ram Gopal, director of refineries at Indian Oil said.
Oil companies shares tank 8% on reports government to ask to absorb Re 1/litre hike; HPCL, IOC, BPCL crash
Shares of almost all the oil marketing companies cracked in the late morning trades on the news reports that the government may ask the firms to absorb Re 1 per litre hike and pass on the maximum possible benefit to the customers
Indian Oil Corporation (IOC), the nation’s largest fuel retailer, today announced it has drawn up plans for investing over Rs 1,06,000 crore in mega projects for refinery capacity expansion and fuel quality upgrade to be implemented through 2030.
Indian Oil Corporation Ltd. and Bharat Petroleum Corporation Ltd. will have to borrow funds if the state-owned refiners and marketers acquire the government’s stake in GAIL (India) Ltd., the nation’s largest gas marketing and transportation company.
The shares of state-owned oil and gas firm, Indian Oil Corporation (IOC) slipped 3.50 per cent in Thursday’s morning trade even as the company issued bonus shares and got involved in collaborations lately.
Indian Oil Corporation (IOC), the nation’s largest refiner and fossil fuel retailer, is in talks with Bangladesh and Myanmar to enhance trade of petroleum products and offer its expertise to set up oil infrastructure in the two countries.
Indian Oil Corporation (IndianOil), has adopted 2018 as the ‘Year of Trust.’ From Pradhan Mantri Ujjwala Yojana(PMUY) to daily price revision of petrol & diesel, to the decision to leapfrog BS-VI fuels supply to Delhi by April 1, 2018
Subsidised LPG (liquefied petroleum gas) is now sold at Rs. 495.69 per cylinder in Delhi, Rs. 498.43 per cylinder in Kolkata, Rs. 493.38 per cylinder in Mumbai and Rs. 483.69 per cylinder in Chennai, according to Indian Oil Corporation – the country’s largest fuel retailer. Non-subsidised LPG prices are at Rs. 747 per cylinder (of 14.2 kilograms) in Delhi, Rs. 766 per cylinder in Kolkata, Rs. 719 per cylinder in Mumbai and Rs. 756 per cylinder in Chennai, according to Indian Oil Corporation’s website – iocl.in.
India is discussing setting up refineries and LNG plants in Indonesia, Oil Minister Dharmendra Pradhan said today.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhanand Chhattisgarh Chief Minister Raman Singh inaugurated a terminal of Indian Oil Corporation on Wednesday.