Indian Oil Corp

Indian Oil buys new US crude grades for December delivery

Indian Oil buys new US crude grades for December delivery

The refiner has bought about 5.5 million barrels of US crude so far this year.

Oct 10, 2017, 08:40 AM IST
Indian Oil willing to buy GAIL or Oil India- Exec

Indian Oil willing to buy GAIL or Oil India- Exec

Indian Oil also plans to open offices in Bangladesh and Myanmar in the next 4-6 months.

Oct 09, 2017, 13:59 PM IST
IOC board clears Rs 27,000 crore refinery of its unit CPCL

IOC board clears Rs 27,000 crore refinery of its unit CPCL

The final approval of the project would be obtained after preparation of Detailed Feasibility Report of the project.

Sep 25, 2017, 16:56 PM IST
IOC to make first ever crude oil purchase from US this year

IOC to make first ever crude oil purchase from US this year

The official said IOC had last month sealed a deal to import 1.6 million barrels of crude from the US for delivery in the first week of October at its Paradip refinery in Odisha -- the first ever such purchase of US crude by an Indian state-run refiner.

Aug 10, 2017, 14:35 PM IST
India buys first ever US crude oil, to step up purchases

India buys first ever US crude oil, to step up purchases

The purchase comes after Indian Prime Minister Narendra Modi`s visit to the US in June when President Donald Trump said his country looked forward to exporting more energy products to India.

Jul 10, 2017, 12:32 PM IST

Indian Oil Q4 net soars 85% at Rs 3,721 crore on higher income

State-run Indian Oil Corp (IOC) on Thursday posted an impressive 85 percent jump in net profit for the fourth quarter ended March at Rs 3,721 crore owing to better revenue from operations, even as refining margins grew.

May 25, 2017, 17:43 PM IST
India cuts oil import plans from Iran by a quarter over gas field row

India cuts oil import plans from Iran by a quarter over gas field row

India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row between New Delhi and Tehran on development of a natural gas field.

May 03, 2017, 13:56 PM IST
Petrol, diesel prices to be revised daily from May 01

Petrol, diesel prices to be revised daily from May 01

Petrol and diesel prices will be revised on a daily basis from Monday in select towns in sync with international rates, much like it happens in most advanced markets.

Apr 30, 2017, 21:57 PM IST

Iran dismisses India's threat to cut oil imports

Iran has dismissed India's decision to cut oil imports from Tehran by a fifth over delay in award of a gas field and said it has other buyers.

Apr 06, 2017, 17:53 PM IST
IOC, BP, HP to spend $20 billion on refinery expansions

IOC, BP, HP to spend $20 billion on refinery expansions

India has traditionally been a net exporter of fuel oil, the residue oil left after initial crude refining that is typically used in shipping and power generation.

Oct 28, 2016, 13:25 PM IST
Petrol price hiked by Rs 3.38 per litre, diesel by Rs 2.67/litre

Petrol price hiked by Rs 3.38 per litre, diesel by Rs 2.67/litre

Petrol will now cost Rs 63.47 a litre in Delhi from Thursday as compared to Rs 60.09 a litre currently, said Indian Oil Corp (IOC). The price of diesel will cost Rs 52.94 per litre as against Rs 50.27.

Aug 31, 2016, 20:17 PM IST
IOC Q1 profit jumps 25% to Rs 8,269 cr, to issue bonus shares

IOC Q1 profit jumps 25% to Rs 8,269 cr, to issue bonus shares

State-owned Indian Oil Corp (IOC) today reported a 25 per cent jump in first quarter net profit, as it also declared a 1:1 bonus share.

Aug 29, 2016, 17:21 PM IST