Page 8 - Ioc

IOC slashes oil import tender time by half

India imports about 80% of its crude oil requirements. Last fiscal, its imports rose 4.6% to 197.43 million tonnes

IOC-led consortium buys 24% stake in Russian oil field

ONGC Videsh Ltd had recently picked up 15% stake in the Vankor fields for $1.27 billion

Nita Ambani nominated for IOC membership

Nita Ambani, founder-chairperson of Reliance Foundation, has been nominated as an independent candidate to be a member of the International Olympic Committee (IOC) based out of Lausanne in Switzerland, it was announced on Friday.

IOC profits fall 80% in March quarter

However, net profit doubles for FY16; optimistic outlook on margins

Indian Oil Corp profit plunges 80% in March quarter

Shares of Indian Oil closed 3.01% up at Rs 414.05 apiece on BSE

IndianOil reviewing diesel procurement for railways

Railways wants to cut down the total diesel bill from around Rs 18,000 cr in FY16 to Rs 16,500 cr in FY17

VITA milk booths at IOC fuel pumps in Haryana

A proposal to this effect has been approved by Chief Minister Manohar Lal Khattar

Indian Oil Corp bids for fuel trade with Myanmar

The proposed JV will last for the maximum 30 years with two extensions for 10-year periods

Indian Oil fights back airlines' allegation

Indian Oil Corporation (IOC) on Thursday fought back on the allegation by airlines that company is usurping gains from the reduction in crude oil prices by not passing on the lower costs. Four airlines that account for 95 per cent of the aviation traffic volumes, had alleged that IOC had been profiteering through its "ambiguous pricing mechanism" by pocketing the gains.Refuting all the allegations, IOC has clarified that no monopolistic situation exists in supply and pricing of aviation turbine fuel (ATF) to airlines. "With the open access system already in place in major airports, covering 40 per cent of total volumes, which is expected to further increase to 60 per cent in the near future, fair competition already exists in ATF supplies and pricing," IOC said in an emailed response to Business Standard. The oil marketing company (OMC) said airlines negotiate their prices and supply with oil firms, and this negotiated price was lower than the price of imported fuel. "In addition, airl

Odisha wants Budgetary support for IOC petro complex, PCPIR hub

State urges Centre to provide funds for basic infra at PCIPR and budgetary support for IOC to finance the capital cost of the cracker unit at Paradeep