Undeterred by its stand-off with the Odisha government over the award of fiscal incentives to its oil refinery project at Paradip, the Indian Oil Corporation (IOC) has asked for an additional 2,700 acres.
Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company.
The Indian government has chosen arrangers for the sale of a nearly $1 billion stake in the country’s largest refiner, Indian Oil Corp., according to people with knowledge of the matter.
The ongoing dynamic fuel pricing pilot project in five cities by state-run oil marketers, whereby transport fuel prices are changed daily, would only be extended elsewhere in India on receiving the government’s green signal, a senior oil executive said on Thursday.
India’s state-owned oil companies aim to sustain spending near a three-year high, encouraged by falling oil-services costs and expanding demand.
Two state-owned firms Indian Oil Corporation (IOC) and Rural Electrification Corporation (REC) will be included in the MSCI India index, while drug firm Divis Laboratories will move out.
Indian Oil Corp (IOC) has held preliminary discussions with Saudi Aramco on downstream investments in India including the mega refinery-petrochemical project in the country’s west coast, IOC’s chairman said on Monday.
In most of the advanced markets globally, petrol and diesel prices are revised on a daily basis. India too is following the path, implementing the procedure of daily changes in fuel prices in select towns, in sync with international rates
The railways will soon be reaching an understanding with Indian Oil Corporation (IOC) for refining crude oil imported by the transport behemoth itself
Falling margins may hurt oil refiners while a rise in crude prices is expected to help oil and gas explorers post better earnings in the January-March quarter of the financial year 2016-17.