Page 5 - Indian Oil

Air Products to supply hydrogen, nitrogen units for IOCL's Barauni refinery

Air Products, a world leader in industrial gases, on Wednesday said it has signed a long term supply agreement with the state-owned Indian Oil Corporation Limited (IOCL).

Indian Oil removes Russian Urals from latest tender, says report

The firm imports crude for itself and on behalf of its Chennai Petroleum subsidiary

Indian Oil buys 3 million barrels of Urals for May loading: Report

Urals crude has been purchased from trader Vitol on delivered basis at a "discount", they said

Slipping on oil prices

Dual diesel rates will be distortionary

India's Feb first-half gas fuel sales pick up as Covid curbs are eased

Sales of gasoil, which account for about two-fifths of India's overall refined fuel consumption, are directly linked to industrial activity in Asia's third-largest economy

Sri Lanka to hold talks with Indian Oil to tide over energy crisis

Power Minister Gamini Lokuge said that the talks with the Indian Oil Corporation's local entity would be held for a solution to the fuel crisis

Sri Lanka, Indian Oil Corp unit to sign oil tank restoration deal

The island nation is facing dwindling foreign exchange reserves and has nearly $4.5 billion worth of debt repayments in 2022, prompting it to look at innovative ways to bring in foreign exchange

State attracts MoUs worth over Rs 24,000 crore ahead of Vibrant Gujarat

Leading MoUs were those from chemical, electrical equipment and PSU majors like Kiri Industries, Meghmani Organics and Meghmani Finechem, Borosil Renewables, and Indian Oil

Indian Oil to set up 10,000 EV charging stations in next three years

Announcement follows PM Narendra Modi's goal for India to be net zero by 2070; green hydrogen to also be a part of IOC's soon-to-be-revealed new zero plan

IOC commences doorstep diesel delivery in small quantities

The company said that the service is meant for customers seeking diesel in quantities as low as 20 litres

Indian Oil's refineries running at 90% capacity utilisation: Chairman

The firm is India's largest fuel refiner and retailer

Indian Oil defers maintenance shutdown of units at Haldia: Report

Haldia refinery has two crude and vacuum distillation units.

Tata Motors bags order for hydrogen-based fuel cell buses from Indian Oil

Tata Motors on Wednesday said it has bagged an order for 15 hydrogen-based fuel cell buses from the Indian Oil Corporation Limited (IOCL).

Indian Oil board gives nod for subsidiary to set up Rs 29,000 cr refinery

The 9 MMTPA (Million Metric Tonne Per Annum) refinery will be built at Nagappattinam, with a Polypropylene unit to start with and facility to process crude oil

Indian Oil plans Tatkal LPG Seva to deliver cylinders on day of booking

Officials say service to be rolled out in a few months

Pradhan flags off equipment for Indian Oil's MEG Plant at Paradip

Union Petroleum Minister Dharmendra Pradhan on Monday flagged off from L&T's Hazira plant in Surat district critical components bound for Indian Oil's MEG (mono-ethylene glycol) plant coming up at the refinery-cum-petrochemical complex at Paradip in Odisha. During his visit to Surat in Gujarat, the minister flagged off the equipment from the engineering and construction giant Larsen & Toubro's Hazira plant. "Flagged-off indigenously manufactured critical components from L&Ts Hazira manufacturing facility to @IndianOilcls MEG (mono-ethylene glycol) plant coming up at the refinery-cum- petrochemical complex at Paradip in Odisha," Pradhan tweeted after the visit. In a series of tweets, the Union Minister said the delivery of three super critical equipment -- Ethylene Oxide Reactor, Wash Tower and De-ethyleniser -- "will be a significant stride in the commissioning of the MEG project at Paradip refinery" and will help reduce MEG imports and also enhance the competitiveness of .

Petrol consumption up 4.5 per cent, diesel down 7.3 per cent in November

The Indian basket crude oil touched $47.41 a barrel on November 26 as against average crude oil prices of $41 a barrel in the first fortnight of November this year

Govt may give 'divested' PSU status to BPCL to save LPG customers' subsidy

BPCL has around 73 million LPG consumers, while Indian Oil has 134 million and HPCL around 78 million

Expecting demand bump in festive season, oil companies ramp up refining

Indian Oil Corp., the nation's top processor, is currently operating its refineries at an average rate of 86% of capacity, compared with 66.7% in August

IOC mulls deferring expansion of projects to sync them with demand

In an interview, Vaidya said oil demand in India has not been destructed but only deferred and Indian Oil Corp (IOC) was also betting big on petrochemicals to hedge fuel shocks