Latest prices of petrol in major Indian cities

Latest prices of petrol in major Indian cities

Prices of petrol in major Indian cities

Uttarakhand forest fire: Director of Delhi's Fire Dept to visit hill state today, govt to press MI-17 choppers; at least 6 dead

Uttarakhand forest fire: Director of Delhi's Fire Dept to visit hill state today, govt to press MI-17 choppers; at least 6 dead

A total of 1890.79 hectares of green cover have been destroyed this fire season which had an early start on February 2 due to a dry winter.

Oil PSUs get a free hand, can choose companies for crude buy

Oil PSUs get a free hand, can choose companies for crude buy

In a bid to improve operational efficiency, the government Wednesday gave freedom to public sector oil firms to have their own independent crude import policy based on their commercial requirements.

Panel to review Odisha's pact with Indian Oil

Panel to review Odisha's pact with Indian Oil

The Odisha government today said a committee has been set up under the Chairmanship of the Secretary of Petroleum and Natural Gas Ministry to review the state's agreement with Indian Oil Corporation (IOC).

Adani group offers 49 per cent stake in Dhamra LNG project to IOC, GAIL

Adani group offers 49 per cent stake in Dhamra LNG project to IOC, GAIL

 Adani Group has offered 49 per cent stake in its Rs 5,000-crore Dhamra LNG project in Odisha to state-run gas utility GAIL India and refiner Indian Oil Corporation (IOC).

Don't reimpose customs duty on crude: Oil companies

Don't reimpose customs duty on crude: Oil companies

An association of companies like IOC and Reliance Industries has requested the government not to reimpose customs duty on crude oil saying that refineries will not be able to absorb additional costs.

Nepal resumes regular fuel distribution after crisis

 After more than five months of economic blockade and a resulting fuel crisis, the Nepal government on Friday commenced regular public distribution of petroleum products.

Paradip Refinery to boost IOC net by 20-30%; GRM by $6-7/barrel

Paradip Refinery to boost IOC net by 20-30%; GRM by $6-7/barrel

The Paradip Refinery of Indian Oil, which is set to be dedicated to the nation on February 7, will massively boost the bottomline of the largest oil marketeer to the tune of 20-30 percent, thanks to the latest technologies deployed at the facility that's coming up after a delay of 14 long years.

Exhibition on IOC's Paradip refinery kicks off

Exhibition on IOC's Paradip refinery kicks off

An exhibition on the Indian Oil's 11th refinery at Paradip opened here Sunday, displaying the execution of the Rs 35,000-crore project with 15-MMTPA capacity using world-class state-of-the-art technology.

IOC begins petrol production from Rs 34,555-crore Paradip refinery

IOC begins petrol production from Rs 34,555-crore Paradip refinery

The commissioning of the refinery comes after 14 years, owing to many flip-flops by the Naveen Patanik government on incentives, withdrawal of its foreign partner Kuwait Petroleum and stiff frequent opposition from locals, state politicians and NGOs apart from two killer cyclones.

IOC to invest Rs 21,000 crore to upgrade fuel quality

IOC to invest Rs 21,000 crore to upgrade fuel quality

State-owned Indian Oil Corp (IOC) will invest Rs 21,000 crore in upgrading six refineries to produce Euro-VI grade petrol and diesel by April 2020, its Director (Refineries) Sanjiv Singh said Wednesday.

Fortune top 10 Indian compaines in 2015

Indian Oil Corporation has maintained its number one position followed by Reliance Industries in terms of revenue for the sixth consecutive year in the list of Fortune 500 Indian companies 2015.

Mohd Sirazudin used Telegram messaging app to spread ISIS propaganda: Police

Mohd Sirazudin used Telegram messaging app to spread ISIS propaganda: Police

Mohd Sirazudin was using the Telegram messaging app, an international favourite of operatives, handlers and recruiters for the terrorist outfit that has overrun large parts of Iraq and Syria.

IOC marketing manager working for Islamic State held in Jaipur

The Special Operation Group (SOG) and ATS of Rajasthan Police arrested Mohd Sirazudin, the marketing manager of IOC.

IOC sends first consignment from Paradip oil refinery

IOC sends first consignment from Paradip oil refinery

State-owned Indian Oil Corp (IOC) Tuesday said it has started commercial production of fuel from its Rs 34,555 crore Paradip oil refinery in Odisha, sending out first consignment of diesel and LPG.

Paradip plant to be major petrochem feedstock supplier: IOC

Paradip plant to be major petrochem feedstock supplier: IOC

The upcoming refinery of state-run Indian Oil Corporation (IOC) at Paradip would be a major producer of feedstock for the downstream petrochemicals industry, a top official of the company said.

IOC to invest Rs 1,800 cr in upgrading Koyali refinery

Indian Oil will invest about Rs 1,800 crore to upgrade its Koyali refinery to produce fuel compliant with Euro-IV emission norms, a top official said Tuesday.

Indian Oil Corp reports Q2 net loss of Rs 329 crore

Indian Oil Corp reports Q2 net loss of Rs 329 crore

IOC has made net loss of Rs 329.17 crore in the July- September quarter of the current fiscal, compared to net loss of Rs 898.46 crore in the same period a year ago, the company chairman B Ashok told reporters here.

Indian Oil Corp eyes 5-10% stake in Russia's Vankor oilfield

Indian Oil Corp eyes 5-10% stake in Russia's Vankor oilfield

Hot on the heels of OVL's USD 1.27 billion deal to buy stake in Vankor oilfield of Russia, state- owned Indian Oil Corp (IOC) has expressed interest in taking 5-10 per cent stake in the Rosneft-operated field.

India's fuel consumption to be higher in 18 months: Moody's

India's fuel consumption to be higher in 18 months: Moody's

 Projecting Indian economy's growth at 7 per cent in the current fiscal and 7.5 per cent in the next one, Moody's Investors Service today said GDP growth and low oil prices will lead to higher fuel consumption over the next 18 months.