India’s largest state-owned refiner, Indian Oil Corp (IOC), purchased up to 2.0 million barrels of Azeri crude for April loading in its third tender to buy sweet crude for the month. For full story, click here
Continue reading "India’s IOC purchases up to 2 mln bbls April Azeri crude"
Tuesday, February 3, 2009
The government had put in place the existing subsidy burden-sharing regime for the petroleum sector as a strategy to cushion domestic fuel consumers from the impact of rising prices of crude oil in the international market. For full story, click here
Continue reading "IOC’s optics, ONGC’s reality"
Friday, December 26, 2008
State-run Indian Oil Corp is planning to buy a sugar mill and set up a refinery in Brazil to produce ethanol. For full story, click here
Continue reading "IOC plans to buy sugar mill in Brazil"
Friday, December 19, 2008
A newly formed joint venture of state refiner Indian Oil Corp and Adani Energy may take 50 per cent stake in a Rs 4,000-crore LNG import terminal planned by GSPC at Mundra in Gujarat. For full story, click here
Continue reading "IOC-Adani Energy JV may pick 50 pc stake in LNG terminal"
Tuesday, December 16, 2008
State-run Indian Oil Corp is planning to buy a sugar mill and set up a refinery in Brazil to produce ethanol. For full story, click here
Continue reading "IOC plans to buy sugar mill in Brazil"
Thursday, November 13, 2008
State-run Indian Oil Corporation wants the Forward Markets Commission (FMC) to permit the company to hedge its refinery margins and end products such as petrol and diesel. S V Narasimhan, director (finance), IOC, said: The market has been very unstable in the past few months and thus we are not very aggressive on hedging. We are waiting for [...]
Continue reading "IOC wants FMC nod for hedging margins & products"
Sunday, September 14, 2008
India based Indian Oil Corp (IOC) has bought around 2 million barrels of West African crude via its second tender for November, including its first cargo of Angolan Hungo crude. Traders said: It bought a 950,000-barrel cargo of light sweet Nigerian Qua Iboe crude, together with a cargo of medium sweet Hungo, which has a [...]
Continue reading "Indian Oil Corporation buys 1st Angola Hungo by tender"
Monday, August 18, 2008
S V Narasimhan, Finance Director of Indian Oil Corporation (IOC), was quoted as saying: The stock loss is expected to be quite high. All the gains of the first quarter could be wiped out in this quarter. For more information, click here For IOC’s website, click here
Continue reading "Indian Oil expects stock loss to be high"
Thursday, July 31, 2008
Indian Oil Corp (IOC), India’s largest fuel retailer, on Wednesday reported a 71% dip in its Q1 net profit as good refinery margins was not enough to cover the revenue loss on fuel sales. For full news, click here
Continue reading "Indian Oil’s net profit dips 71%"
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Monday, February 23, 2009