Indian Oil Corporation
ONGC to sell stake in IOC, GAIL, but only when price is right
23 Jan 2018
The oil explorer has got government approval to sell its stake in Indian Oil Corp and GAIL to help its Rs37,000 crore acquisition of Hindustan Petroleum Corp, though the immediate funds will come from short-term borrowing
First US oil shipment arrives at Paradip; comes cheaper than Dubai oil
03 Oct 2017
The first US crude oil cargo of 1.6 million barrels bought by Indian Oil Corporation from the US Gulf Coast refiners has arrived at Paradip Port in Odisha priced $2 per barrel cheaper than the Dubai crude that India often buys
Indian Oil leads 7 in Fortune 500 India list; Walmart tops
22 Jul 2017
Seven Indian companies led by Indian Oil have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue
Oil PSUs sign pact for 60 million tonne west coast refinery
15 Jun 2017
The three OMCs - IOC, BPCL, HPCL- together have a refining capacity of 139 million tonnes, which will reach 200 million tonnes with the setting up of the $30 million West Coast refinery
Government approves IOC’s 24% stake sale in Lubrizol India to Lubrizol Corp
16 Mar 2017
The equal joint venture between IOC and Lubrizol Corp was formed in 2000 to make chemical additives for engine oils and other lubricants
