Page 5 - Indian Oil Company
Russia's Rosneft signs deal with Indian Oil to supply crude oil in 2022
Rosneft has signed a deal to supply refiner Indian Oil Corp (IOC) with up to 2 million tonnes of crude next year
 "Russia's Rosneft signs deal with Indian Oil to supply crude oil in 2022")
Indian Oil to install EV charging facility at 100 outlets in Maharashtra
State-owned Indian Oil is planning to set up electric vehicle charging points at 100 of its outlets across Maharashtra, including five in the Marathwada region, a senior official said here on Friday. Its General Manager (Retail Sales) Ajay Kumar Shrivastav attended a function in Aurangabad, in which the only fuel pump with electric charging, petrol and diesel, as well as a Khadi outlet, was dedicated to the nation under 'Azadi ka Amrit Mahotsav'. The Aurangabad rural police-run outlet that became operational last year is the only outlet selected in 'Azadi ka Amrit Mahotsav' across Maharashtra, the officials said. Indian Oil Head (Maharashtra Office) Anirban Ghosh inaugurated this pump through an online medium in the presence of DYSP Vishal Nehul, an official said. While talking to reporters after the event, Shrivastav said, "We have added a facility of charging electric vehicles here after the announcement of the 'Azadi ka Amrit Mahotsav' initiative on this pump." He added that In
 "Indian Oil to install EV charging facility at 100 outlets in Maharashtra")
India's oil refiners eye more exports as Covid-19 outbreak hits demand
Indian Oil, Bharat Petroleum weighing the option of raising oil-product exports against cutting run rates.
 "India's oil refiners eye more exports as Covid-19 outbreak hits demand")
Indian Oil, Israel's Phinergy to manufacture special batteries in India
Maruti Suzuki and Ashok Leyland sign letter of intent with new JV for using aluminium-air systems.
 "Indian Oil, Israel's Phinergy to manufacture special batteries in India")
Light at the end of the tunnel for domestic oil marketing companies
Marketing margins to support earnings, while refining outlook can improve with vaccine launches driving global economic recovery
 "Light at the end of the tunnel for domestic oil marketing companies")
Low fuel demand drives IOC's pre-tax profit down 42% to Rs 3,204 cr in Q1
June quarter revenue down 41% to Rs 90,106 cr, GRM was minus (-) $1.98 a barrel as compared to $4.69 a barrel in the year-ago quarter
 "Low fuel demand drives IOC's pre-tax profit down 42% to Rs 3,204 cr in Q1")
IOC signs first term contract for Russian crude; Rosneft may bid for BPCL
Under the deal, Rosneft will ship 2 mn tonnes to India this calendar year
 "IOC signs first term contract for Russian crude; Rosneft may bid for BPCL")
IOCL to lay Rs 10 bn pipeline to evacuate products from Paradip refinery
Odisha is set to become the first state in eastern India to have all the pipelines in the hydrocarbon chain ranging from crude oil to petroleum products, LPG and natural gas
 "IOCL to lay Rs 10 bn pipeline to evacuate products from Paradip refinery")