India’s state oil refiners – long focused on churning out transport and cooking fuels – are planning a $35 billion push into petrochemicals to meet an expected surge in demand for goods ranging from plastics to paints and adhesives.
The Indian Oil Corporation Ltd (IOCL) is planning to expand its Ennore LPG bottling plant by adding another carousel (bottling line), thus increasing the output to 20,500 tonnes per month from its present 15,000 tonnes per month. The facility will be established at a cost of ₹35.4 crore and will be completed in two years.
Diesel price per litre is marginally down by 1 paise on Thursday July 27 in the national capital. Prices made available on the IOCL website, the oil marketing company, showed price fixed at Rs 54.94 per litre.
State-run Indian Oil Corporation Ltd (IOCL) and LanzaTech, carbon recycling company, have signed a deal to build the world’s first refinery off gas-to-bioethanol production facility in India at an investment of Rs 350 crore.
India’s emergence as a global refining hub received a big boost with the three downstream PSU oil majors, Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (BPCL),
Continuing its capital expenditure plan, Indian Oil Corporation (IOCL) said it will invest around Rs 20,000 crore in 2017-18. The company is also looking for acquisitions and plans to expand overseas.
Gulf Petrochem Group, the UAE based global bunker supplier, has set another milestone in its operations with the successful execution of the first-ever bunker supply by barge at the non-conventional port of Paradip in Odisa, India’s east coast in a joint effort with Indian Oil Corporation Limited (IOCL).
Indian Oil Corporation Ltd (IOCL) said it is in initial talks with Saudi Aramco on downstream investments, including a mega project on its west coast
Further decontrol over petrol and diesel prices in India has begun with oil companies like Indian Oil Corporation announcing a pilot project where prices of these two fuels will change on a daily basis based on their international prices
Days after the Uttar Pradesh police detected that some fuel outlets were tampering with the fuel calibration system, oil minister Dharmendra Pradhan said that all fuel stations in the Uttar Pradesh will be re-examined