Oil Investing News » Indian Oil is planning to spend $2.8 bln on expansion

Indian Oil is planning to spend $2.8 bln on expansion

June 19, 2009 @ 4:33 am In Oil Company News

Indian Oil Corp., the nation's biggest refiner, will raise spending 23 percent to boost capacity even as it borrows more to cover losses from selling fuels below the cost of crude oil.

For full story, click here ^[1]

Article printed from Oil Investing News: http://oilinvestingnews.com

URL to article: http://oilinvestingnews.com/1020-indian-oil-is-planning-to-spend-28-bln-on-expansion.html

URLs in this post:

[1] here: http://www.bloomberg.com/apps/news?pid=20601091&sid=aY9XmPhaMGu0