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
All Petrol Stations in Uttar Pradesh to be re- assessed, Strict action will be taken against those found guilty, says Petroleum Minister Dharmendra Pradhan
Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan while addressing media today, congratulated the Uttar Pradesh Special Task Force for unearthing the racket involved in short delivery of fuel at petrol stations in Lucknow.
State-run oil refiners plan to invest Rs20,000 crore by 2020 to meet rising demand for cooking gas, two officials from the companies said.
Numaligarh Refinery Ltd (NRL) today signed a memorandum of understanding (MoU) with Paradip Port Trust (PPT) and Indian Oil Corporation Ltd (IOCL) for imports of crude oil through the major port.
Oil marketing company, Indian Oil Corporation (IOCL) is all set for capacity expansion of the Paradip crude oil refinery to 20 million tonne per annum (mtpa) from current 15 mtpa,