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Tag Archives: Gas Marketing

Oil India plans Rs 9,000 crore capex in FY18: Report

Oil India is reportedly planning to invest around Rs 9,000 crore in 2017-18 to drill new wells and build processing platforms for raising output. State refiners are spending heavily to upgrade facilities to produce fuel with higher emission norms. All petrol and diesel sold must meet BS-VI emission norms from ... Read More »

IOC plans Rs 20,000 crore capex in FY18: Report

Indian Oil Corporation (IOC) is reportedly planning to invest around Rs 20,000 crore in 2017-18 to augment their marketing and distribution infrastructure, including storage, pipeline and retail outlets. This is lower than the company’s spending of about Rs 22,000 crore in 2016-17. State refiners are spending heavily to upgrade facilities ... Read More »

IOC in talks with Saudi Aramco on downstream investments: Report

Indian Oil Corporation (IOC) is reportedly in talks with Saudi Aramco on downstream investments, including a mega project on its west coast, which could help the Organization of the Petroleum Exporting Countries (OPEC) member lock-in customers amid an oil supply glut. Oil producers are targeting growing demand in Asia to ... Read More »

Indian Oil Corporation to commission 1,000-km pipelines in FY18: Report

Indian Oil Corporation (IOC), a state-run oil marketing company, is reportedly planning a capital expenditure (capex) of Rs 2000 crore and commission around 1,000 km of pipelines in the current financial year to further expand its current pipeline network of around 13,000 km. Recently, India extended the fuel supply agreement ... Read More »

IOC to set up Rs 600 crore plant in Haryana to produce ethanol: Report

Indian Oil Corporation (IOC) is reportedly planning to set up Rs 600 crore plant for the production of second generation ethanol in Haryana. In this regard, the Haryana Government has accepted the investment proposal which approved by the empowered executive committee. The plant will use plant waste, stubble, husk and ... Read More »

Oil India notifies 2 Hydrocarbon Discoveries in the Upper Assam Basin

Public sector undertaking Oil India has notified 2 Hydrocarbon Discoveries in the Upper Assam Basin. The discoveries were made during April in the wells Borbhuibil-1 and Lakwagaon-1. The discoveries have opened up avenue for exploration of already identified leads and prospects in the area. Oil India, a Navratna Company, is ... Read More »

Oil India’s arm raises $500 million via overseas bond sale

Oil India International (Singapore), the wholly owned subsidiary (WOS) of Oil India has priced $500 million fixed rate unsecured notes due 2027. The Notes carry a coupon of 4% per annum payable half yearly and are of tenor of 10 years. The Notes are guaranteed by Oil India. The notes ... Read More »

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