Indian Oil Corp (IOC) may drag the Odisha government to court for reneging on its promise to give tax concessions to its Rs 34,555 crore Paradip refinery in the state.
Tag: Indian Oil Corp
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IOC eyes 26percent in GSPC LNG terminal
Indian Oil Corp (IOC) is in talks to buy 26 per cent stake in Gujarat State Petroleum Corp´s (GPSC) almost-completed Rs 4,500 crore Mundra LNG import terminal in Gujarat.
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IOC keen to buy 26% in GSPCÂ’s Mundra LNG terminal
Indian Oil Corp (IOC) is in talks to buy 26 per cent stake in Gujarat State Petroleum CorpÂ’s (GPSC) almost-completed Rs 4,500 crore Mundra LNG import terminal in Gujarat.
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Indian consortium to buy stake in Russian oilfield for $3.14 bn
Indian Oil Corp, Oil India and a unit of Bharat Petroleum Corporation (BPCL) will buy a 29.9 per cent stake in the Taas-Yuryakh oilfield in East Siberia for $1.12 billion and another 23.9 per cent in Vankor oilfield for $2.02 billion.
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Russia offers Indian firms stake in Yamal LNG project
Russia has offered Indian oil companies a stake in the second phase of Yamal LNG, the biggest project to produce liquefied natural gas in the Arctic. Petronet LNG, India´s biggest natural gas importer, is studying the offer, while other state-owned firms like Indian Oil Corp (IOC) may join in later.
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Petrol price cut by 89 paise per litre, diesel cheaper by 49 paise per litre
Petrol price was cut at the beginning of July by 89 paise a litre and diesel by 49 paise a litre, the first decrease in rates in two months. Petrol will cost Rs.64.76 a litre in Delhi as compared to Rs.65.65 per litre currently, Indian Oil Corp, the nation´s largest fuel retailer, announced. Similarly, diesel will cost Rs.54.70 per litre as against Rs.55.19 a litre.
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Panel begins work on preparing blueprint for refinery exports
An expert panel has begun work on drafting a blueprint for raising India´s oil refining capacity by 2040 with a view to not just meet demands of the fast expanding economy, but also to capture the export market. The 12-member Working Group for preparing an Approach Paper for enhancing refining capacity by 2040 held its first meeting on June 27, officials said.
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IOC yet to start work on Rs.5,150-crore LNG project
State-owned Indian Oil Corp (IOC) has said that it is yet to commence work on a Rs 5,150 crore liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu.
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New Director (Refineries)at IOC
Sanjiv Singh took over as the Director (Refineries) of Indian Oil Corp (IOC). He was Executive Director in-charge of IOC's Rs 30,000 crore Paradip refinery. Prior to that he was head of IOC's most modern refinery of at Panipat.
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IOC’s roadshows in S’pore, Hong Kong to sell stake
For the sale of its 10 per cent stake in the country's largest oil firm Indian Oil Corp (IOC), the Union government is holding investor meetings this week in Singapore and Hong Kong. The government has already held roadshows in the US and the UK last week for the purpose.