Indian Oil Corp. Ltd.
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News
Russia’s Rosneft Ramps Up Oil Sales to Indian Oil in May
Moscow-based oil company Rosneft increases its sales to Indian Oil Corp. in May, as Russian crude finds an increased presence in India since western sanctions on Russian oil began in February.
India’s Top Refiner IOC Aims to Sell Two Hydrogen Units This Year
State-run Indian Oil Corp., the country’s top refiner, plans to sell hydrogen-producing units at its plants to private sector entities, its chairman S. M. Vaidya said on March 16.
Indian Refiners Turn To OPEC, Mexico, U.S. To Make Up Iran Oil Gap
OPEC and other producers including Russia have gradually tightened supply through 2019 to reduce a global glut. OPEC and its partners may not renew the curbs when they expire after June because of the risk of over-tightening the market.
ADNOC Awards Onshore Exploration Block To Indian Consortium
Two Indian companies—Bharat Petroleum Corp. Ltd. and Indian Oil Corp.—will together hold a 100% stake in the exploration phase for Onshore Block 1, ADNOC said in a statement.