India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix.
The Indian Oil Company’s subsidiary in Sri Lanka has dismissed as “mischievous and factually incorrect” the allegations that it was responsible for the fuel shortage in the island nation.
State-owned Indian Oil Corp. Ltd (IOC) has been given green nod for augmenting its Koyali-Sanganer pipeline (KSPL) capacity up to 6 million tonnes per annum (MTPA) from existing 4.6 MTPA at a cost of Rs273.23 crore, a senior government official said on Monday.
Indian oil firms are in talks with state-run Abu Dhabi National Oil Company (Adnoc) to acquire a stake in its ADMA-OPCO offshore oil concession when it comes up in 2018, Indian officials said.
State-owned refining and marketing major, Indian Oil Corporation (IOC) on Friday reported an 18.4% year-on-year (YoY) rise in net profit at Rs 3,696.29 crore for the quarter ended September 30.
Inspired by the online and e-commerce boom in the country, oil marketing companies — Indian Oil, HPCL and BPCL are planning to start online retailing of diesel to cater to the rural customers
Prime Minister Narendra Modi brainstormed with chief executives of top global and Indian companies, including U.K.’s BP, Russia’s Rosneft, Saudi Aramco and Reliance Industries Ltd.
Indian Oil Corp, HPCL (Hindustan Petroleum Corporation Limited) and BPCL (Bharat Petroleum Corporation Limited) are planning to expand their business by increasing their presence in the renewable energy space, Mint reported.
Indian Oil has paid Rs 2,935 crore to the Odisha government towards value added tax (VAT) for Paradip Refinery, said a statement on Tuesday.
Indraprastha Gas (IGL), Indian Oil-Adani Gas combine and Hindustan Petroleum-Oil India joint venture are set to win licenses to distribute gas in one city each in the latest round of auction, according to people with direct knowledge of the matter.