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Indian Oil Corporation Limited (IOCL or IOC), trading as IndianOil, is an Indian multinational [3] [4] oil and gas company under the ownership of Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai but headquartered in New Delhi. [5]
Barauni Refinery is an oil refinery located in Begusarai city in the state of Bihar, operated by Indian Oil Corporation (IOCL). It was the dream project of Shri Krishna Singh the first chief minister of Bihar.
LNG price is linked to the prevailing crude oil price in global markets. [64] The purchase price would be cut to around US$2.5 per million BTU for the six-month period beginning April 1, 2020 compared to US$3.23 for the earlier period. [65] In March 2020, India announced that is increasing taxes on petrol and diesel to raise government revenues ...
Indian Basket price vs Brent and Dubai (Apr 2000 to Apr 2020). Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman and the Brent Crude crude oil prices. It is used as an indicator of the price of crude imports in India and Government of India watches the index when examining domestic price issues. [1]
After discovery of oil in the Assam state of India in late 1880s, the first oil refinery was set up at Digboi. Digboi Refinery was commissioned in 1901. [1] Following is a list of oil refineries in India, per the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas, Government of India, [2] arranged in decreasing order of their capacity.
It is the third largest refinery owned by Indian Oil Corporation after Paradip and Panipat Refinery. [1] The refinery is currently [ when? ] under projected expansion to 18 million tonnes per year. History
Indane [3] [4] is a subsidiary of Indian Oil Corporation which is under the ownership of Ministry of Petroleum and Natural Gas of the government of India. It is the world's second largest government-owned subsidiary responsible for manufacturing LPG. [5] The brand was conceived in 1964 to bring modern cooking to Indian kitchens.
Panipat Refinery is the seventh refinery belonging to Indian Oil Corporation Limited. [1] It is one of South Asia's largest integrated petrochemicals plants. Panipat Refinery meets the demand of petroleum products of Haryana and of the entire North-West Region including Punjab, J&K, Himachal, Chandigarh, Uttaranchal state and part of Rajasthan ...