Citing the statement released by Rosneft, the Russian media reported that the deal was signed during the working trip of Rosneft CEO Igor Sechin to India.
This is the first quarterly loss in over two years. The company had reported a net loss in January-March 2020, but that was on account of inventory losses on processing costlier crude.
IOC bonus share, IOC dividend record date 2022: Indian Oil Corporation has said that the record date for bonus shares is July 1.
In the past several weeks, the prices of crude oil in the international market had reached up to $140 per barrel, most recently last week. Though it fell down to $110 again but it's still way more than $80 per barrel earlier, causing losses to public sector companies as the government is not allowing petrol, diesel prices to rise for over 120 days now, says Dr. Sudhir Bisht, International crude oil expert.
GGL supplies 1.45 lakh kg of CNG and PNG in Lucknow on regular days, but due to the surge in international prices, the supply has been decreased by up to 15,000-20,000 kg per day.
Indian Oil Corporation (IOC) has extended its missed call facility to avail new LPG connection to all domestic customers. Prospective customers across the country can give a missed call to 8454955555 to avail a new connection
The card will also simplify the everyday purchases of customers with secure and convenient contactless payments, he added.
Indian Oil Corporation Ltd. (IOCL) has reduced the Retail Selling Price (RSP) of diesel by Rs 2.93 per litre and petrol by Rs 0.97 per litre in Delhi during the month of September 2020.
India has switched over to the world’s cleanest petrol and diesel without raising prices, Indian Oil Corp (IOC), the nation's largest oil firm, said on Thursday.
Amid 21-day nationwide coronavirus lockdown, Indian Oil Corporation on Wednesday announced to slash the price of LPG cylinder after a huge fall in global crude prices over the past few weeks.
At the corporate level, Indian Oil Corporation has implemented work-from-home at non-critical locations with staggered duty hours and working on alternative days.
Petrol and diesel in Karnataka will cost more from April 1, as the state budget for fiscal 2020-21 has proposed 3 per cent increase in VAT on both the most consumed fuels, Chief Minister B.S. Yediyurappa said on Thursday.
Earlier this week, the sell-off bound BPCL said it had invested around Rs 7,000 crore for the same. ONGC-run HPCL has not so far disclosed its readiness for BS-VI supplies or its capex on the same.
The company is finalising the research, undertaken over the past few years, for liquefaction of toxic plastics waste. It would mean that IOC could put systems at its refineries and petrochemical complexes to commercially produce oil from plastics waste
In a relief for the LPG consumers, the price of non-subsided LPG cylinders have been cut by Rs 62.50 per 14.2 kg in Delhi starting today. According to the Indian Oil Corporation, the price reduction comes on the back of prices in the international market and the dollar-rupee exchange rate. Another 10-20 million new LPG connections would be given in subsequent months to cover "all poor households" as part of Cabinet decision taken late last year.
IOCL Recruitment 2019: Indian Oil Corporation Limited has announced job vacancies for experienced non-executive personnel post. Candidates should apply to IOCL Recruitment 2019 by visiting the official website iocl.com. Candidates should read on to know the eligibility criteria, application fee, steps to apply and vacancy details before applying for Indian Oil Corporation.
Indian Oil Corporation (IOC) resumed aviation fuel supply to Jet Airways after airline assured of payment on Friday.
Indian Oil Corporation (IOC) stopped fuel supply to the struggling carrier Jet Airways for non-payment on Friday.
That price cut had come after six consecutive monthly hikes in rates since June. The two price reductions have mostly negated the Rs 14.13 per cylinder increase in rates between June and November.
"The investments will be in pipeline expansion, construction of captive jetty, additional facilities for petrol and diesel handling, POL terminals," R. Sitharthan, Executive Director - Tamil Nadu and Puducherry said.
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