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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 with the neighbouring nation for five years. Nepal gets around 2 lakh kilo litres of fuel from Indian Oil every month.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

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