Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation agreed to jointly build one of the world's largest integrated Refinery-cum-Petrochemicals complexes in Ratnagiri district of Maharashtra.
Big news for Iranian-Indian refinery project: A refinery in Nagapattinam, Eastern India, co-owned and operated by an Indian Oil subsidiary and Iranian Naftiran, shall be overhauled to produce a variety of high grade fuels.
Hydrocarbons are likely to remain the most important source of energy for decades to come in India, despite other forms of energy such as coal, renewable energy, etc. India is currently the fourth largest consumer of petroleum products in the world in spite of a very low per capita consumption, said Additional Secretary, Ministry of Petroluem & Natural Gas, Ajay Sawhney (IAS) while inaugurating the 20th Refinery Technology Meet at Gandhinagar, Gujarat.
Indian Oil and Oil India (OIL) have signed a Memorandum of Understanding (MoU) with the Russian oil & gas major Rosneft in Moscow for cooperation in geologic survey, exploration and production of hydrocarbons in select onshore assets in the Russian Federation.
As part of Paradip Refinery Project, Indian Oil, is setting up the Oil Jetty, at a cost of US $128 million along with associated facilities at Paradip Port Trust. A single berth is provided for loading of products and unloading of crude oil.
Indian Oil Corporation (IOCL) and Celanese Corporation have signed an MoU to explore the potential of a joint investment in a fuel ethanol plant to be built in India, based on Celanese’s TCX Technology.
The Indian Oil Corporation (IOCL) wanted to be able to store and document and access all its technical data and drawings using a documentation node. Here is an overview of the initial scenario, the solution and results obtained by the Group that allowed for efficient access to all the data at any given time.