The central government will pay two state-owned oil exploration companies’ outstanding liabilities of over R14,715 crore directly to the Gujarat and Assam governments
State-owned IOC has threatened to reconsider plans to invest Rs 52,000 crore on expansion of Paradip refinery in Odisha and setting up a petrochem project as the state government is withdrawing tax sops
The Modi government’s plans to strengthen Central Public Sector Enterprises (CPSEs) through consolidation, mergers, and acquisitions got a huge positive response from the stock market participants.
Indian Oil Corporation (IOC) has principally agreed to provide single-point loading facility of liquefied petroleum gas (LPG) to Nepal from Muzaffarpur once it extends its LPG pipeline to the said location.
India’s 2017 naphtha exports are expected to fall, after the volumes rose for the first time in five years in 2016, and this would prove untimely for buyers who are already hit by tighter supplies.
Manish Vaid Analyses if PSUs oil merger offer synergy in energy? Says that ‘few business marriages are made in heaven’ and compatibility of merging companies should always be the driving force of any mergers. It is only then one can imagine synergy in energy in any M&A propositions
State-owned oil firms IOC, BPCL and HPCL have cornered a third of the 31 small discovered oil and gas fields awarded in the first auction in more than six years.
State-run Indian Oil Corporation plans to use nearly half the capacity of the country’s longest liquefied petroleum gas (LPG) pipeline
The chairman of the country’s largest oil marketing firm believes that the government’s Budget proposal to merge all state-owned energy firms into a consolidated giant will help them enhance their position in the international market.
Indian Oil Corporation (IOC) has brought down the buying time for some of its spot cargoes to two hours, sharply shrinking from 30 hours just one and a half years ago