Saturday, March 28, 2020

Indian Oil Corporation News

India to Buy Russian Crude Oil

Vladimir Putin Introduces the Largest Shipyard in Russia to Narendra Modi. Photo: Rosneft

Russian oil and gas giant Rosneft has signed a contract with India’s largest fuel retailer Indian Oil Corporation (IOC) for supply of 2 million tonne (MT) crude oil to India by end…

Adnoc Inks Base Oil Deal with IOC

Photo: Abu Dhabi National Oil Company

The Abu Dhabi National Oil Company (Adnoc) announced that it has signed another significant long-term sales agreement with Indian Oil Corporation (IndianOil) for its high-quality base…

India's Ennore Terminal Gets Qatari LNG

Image: ???Qatargas

Qatargas, the world’s largest LNG producer, supplied a commissioning cargo for India’s Ennore LNG receiving terminal, near the southern Indian city of Chennai.The commissioning LNG…

IWAI, IOC Pact on Fuel Needs for Waterways

Pic: Press Information Bureau

Inland Waterways Authority of India (IWAI) and Indian Oil Corporation Limited (IOCL) signed a memorandum of understanding (MoU) on fuel needs for national waterways and to develop infrastructure…

India to Buy $1 Billion of US Crude Oil

New Prosperity crude carrier will deliver the first shipment of US crude to India's Paradip port (Odisha, India) in the last week of September. (Image: India House)

Following Indianan Prime Minister Narendra Modi’s June 2017 visit to the U.S., where President Donald Trump and PM Modi agreed to deepen the energy engagement between the two countries…

Workers at Sri Lanka's State-run Oil Firm Call off Strike

Workers at Sri Lanka's state-run oil firm CPC called off a strike on Monday less than 24 hours it started after the government agreed to consult them before signing an oil tank deal with India.

India's ONGC says Venezuela's PDVSA to Supply Oil

Venezuela's national oil company Petroleos de Venezuela has agreed to supply oil on a monthly basis to India to help settle dues which Venezuela owes to India's Oil and Natural Gas Corp.

Indian Oil Corp Seeks LNG Cargoes for December

Indian Oil Corporation has launched a tender seeking to buy two liquefied natural gas (LNG) cargoes for December delivery which is due to close on Oct. 25, trade sources said. IOC is to take receipt of the volumes on Dec.

Swan Sells 60% of FLNG Terminal Capacity

Pic: Swan Energy Ltd

Indian public sector oild giants Oil and Natural Gas Corp (ONGC), Indian Oil Corporation (IOC)  and Bharat Petroleum Corp Ltd (BPCL) have booked 60 per cent of the capacity of Swan Energy Ltd.

Essar Wins Indian Oil Pipeline Replacement Contract

Image ESSAR

Essar Projects, a leading Engineering Procurement & Construction (EPC) company, today announced that it has bagged the contract for replacing 141 km of pipeline of 18-inch diametre…

Indian Consortium to Pay $2.1 bln for Stake in Rosneft's Vankor

A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil producer Rosneft's Vankor oil field, Interfax news agency cited sources as saying on Friday.

Swan, EXMAR Partner for India’s First FSRU Terminal

Image: © Swan LNG

EXMAR has entered into a binding Term Sheet with Swan Energy Limited for the joint development and operation of the Jafrabad LNG Port project, to be located in the State of Gujarat, India.

Indian Oil Corp Wants 2 LNG cargoes

Indian Oil Corporation has launched a tender to buy two liquefied natural gas (LNG) cargoes for delivery in October and November each, according to trade sources. Reporting by Oleg Vukmanovic

GAIL to Finalize LNG Deal with Iran

Photo by  Iran Liquefed Natural Gas co

India’s state-run gas utility GAIL has begun talks with Iran to revive a decade-old LNG supply contract with the country, reports PTI. The Business Standard has reported that GAIL has…

W. Africa Crude: Tenders Brighten Dull Market

Tender deals helped to liven up a lacklustre West African crude oil market on Thursday, though overall demand remained weak. Indian Oil Corporation bought four cargoes of West African oil…

IndianOil Orders 2 LNG Tanks from MHI

Storage tank Photo IL

Mitsubishi Heavy Industries, Ltd. (MHI) has received an EPC (engineering, procurement and construction) order from Indian Oil Corporation Ltd. (IOL), India's largest oil company, to…

Indian Oil Corporation to set LNG Terminal

Image: Indian Oil Corporation

Indian Oil Corporation (IOC), the country’s largest refiner and fuel retailer, is all set to invest around Rs 45,000 crore ($7.5 billion) over three years to build petrochemicals plants and LNG terminal.

India’s Seaborne Oil, Bulk Liquids & Gas Tanker Trade Conference

India Tanker Conference the biggest event of Hinode Events and Services Pvt Ltd, and the first one on the Tanker trade is set to take off on JUNE 5 in Mumbai at the Hotel Vivanta by Taj - President, in MUMBAI.