Indian Oil Corp sold a naphtha cargo last Thursday, bringing its total August exports to 97,000 tonnes, the highest monthly volume from the port of Chennai since 2015, three industry sources said on Tuesday.
Indian Oil Corp Ltd, India’s largest refining and marketing company will invest ₹25, 083 crore this fiscal to meet its capital expenditure, said Sanjiv Singh, Chairman, Indian Oil Corp Ltd (IOCL). Last fiscal, IOCL had incurred a capital expenditure of ₹28,200 crore.
State-owned Indian Oil Corporation has refused to accept the demand of Andhra Pradesh government to renegotiate power purchase agreements (PPAs), becoming the third central government entity to do so after NTPC and Solar Energy Corporation of India (SECI).
Shares of state-run Indian oil marketing companies (OMCs) extended their losses on Monday, after closing lower on Friday, the day the Union Budget was presented in Parliament.
State-owned IndianOil has undertaken various projects in Tamil Nadu with investments of Rs 8,520 crore, which include setting up of an exclusive jetty, laying of a new 1,250kms pipeline, a company official said Tuesday.
Out of total number of LPG customers in Tamil Nadu, Indian Oil has 136 Lakh customers and For LPG distribution, a 1250 km pipeline from Ennore to Tuticorin will be
ONGC signed an MoU with IOCL for CO2 based Enhanced Oil Recovery (EOR) by injecting CO2 captured from IOCL’s Koyali refinery. The MOU is aimed to establish a framework for mutually beneficial cooperation in the area of CO2-EOR as a mode of CCUS.
In an effort to increase usage of green fuels in Uttarakhand, Indian Oil Corporation (IOC), the union government oil company, is undertaking a project to construct a 600 kilolitre (KL) biodiesel tank and three ethanol tanks of 70 KL capacity at Lalkuan depot in Nainital district, said IOC officials on Tuesday.
Growth in India’s fuel demand is set to remain at 4-4.5 percent this year, driven by consumption of gasoline and jet fuel in the transportation sector, the head of the country’s largest state-owned refiner said on Tuesday.
Petrol pumps in Aligarh have stopped giving fuel to two-wheeler riders who come in without wearing helmets. The directions for not giving petrol to two-wheeler riders who come without helmets was issued by District Magistrate (DM) Chandra Bhushan Singh.