Indian Oil consolidates RE business under new unit
Indian Oil Corporation has floated a new subsidiary for low carbon, clean and green energy business as the nation's biggest oil refining.
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India extends $500 M credit line to Sri Lanka to purchase fuel
India extended a $500 million credit line to Sri Lanka to fund the country's fuel purchases, as the island nation struggles to overcome its worst financial…
India to pitch for global investments at Dubai Expo
Hardeep Singh Puri, will address global investors at a round table on Wednesday at the India Pavilion of Dubai 2020 Expo to spell out the government's…
Indian Oil defers maintenance shutdown at Haldia
Indian Oil Corp has deferred a maintenance shutdown at the 1,60,000 barrel-per-day (bpd) Haldia refinery by at least 15 days to mid-November to meet higher local…
19 injured in blast in Indian Oil’s Barauni refinery
At least 19 workers were injured on Thursday in a blast in the refinery of Indian Oil Corporation Limited (IOCL) at Barauni in Bihar
Petrol demand continues to rise in August
India's fuel demand recovery remained patchy in August as petrol consumption continued to rise but diesel sales fell, preliminary data from state fuel retailers showed on…
PM announces self-reliance in energy by 2047
Prime Minister Narendra Modi formally announced the launch of a National Hydrogen Mission to accelerate plans to generate the carbon-free fuel from renewables as he set…
Indian Oil plans to install EV charging facility at 100 outlets
Indian Oil is planning to set up electric vehicle charging points at 100 of its outlets across Maharashtra, including five in the Marathwada region
Indian Oil to build green hydrogen plant at Mathura refinery
India's largest oil firm IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering…
India procures 1 M barrels of crude oil from Guyana
India has procured the first shipment of one million barrels of 'Liza light sweet' crude oil from Guyana, in a significant move marking diversification of its…
Pradhan puts the blame on global crude oil price surge
Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday put the blame on recent surge in global crude oil prices for the fuel price hike…
Pradhan announces initiatives to boost SATAT scheme
Dharmendra Pradhan presided over a virtual ceremony in which a number of initiatives were launched to provide major fillip to the SATAT initiative and help India…
Cyclone Yaas: Oil & gas installations in survival mode
Ships at anchorage have been asked to move to a safer area in the sea while oil and gas installations will go into 'survival' mode as…
12 retail outlets of Indian Oil on jail land in Punjab
Chief Minister Amarinder Singh accorded approval to a proposal by the Punjab Prisons Development Board (PPDB) to set up 12 retail outlets of Indian Oil Corporation…
Indian Oil buys its first Johan Sverdrup crude cargoes
Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification…
Oil PSUs to set up InvIT for asset monetisation
Oil sector PSUs would now float an Infrastructure Investment Trust (InvIT) as part of the asset monetisation exercise announced by the government and mobilise resources for…
Indian Oil & Phinergy forms JV to boost e-mobility aspirations
Indian Oil entered into a JV with Phinergy a company specializing in hybrid lithium-ion and aluminium-air/zinc-air battery systems
LPG consumption up 7.3% despite price rise
Cooking gas LPG consumption rose 7.3% in the last three months despite a steep price rise, with usage among the PMUY beneficiaries, who are mostly poor…
Indian Oil to monetise Hydrogen units to raise Rs 10,000 cr
Indian Oil Corporation (IOC) plans to hive off hydrogen producing units and sulphur recovery facilities at its refineries to a separate entity and then sell stakes…
IOCL to invest Rs 32,496 crore to expand Panipat refinery
Indian Oil Corporation Limited (IOCL) said it will invest Rs 32,946 crore to expand its oil refinery at Panipat in Haryana to 25 million tonnes per…
Pradhan gives two main reasons behind rising fuel prices
Union Petroleum and Natural Gas Minister Dharmendra Pradhan said that reduced fuel production and oil-rich nations seeking more profits are the primary reasons behind spiralling petrol…
Indian Oil & NDMC to develop Waste to Energy Facility
Indian Oil and NDMC signed a MOU for development of integrated waste-to-energy facilities at NDMC’s landfill site at Ranikhera in Narela, New Delhi.