The three heavy-weights of the Indian downstream sector - Indian Oil Corporation (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum (BPCL) - will sign an JV to create the world’s largest refinery-cum petrochemicals complexwith a refining capacity of 60 MMTPA.

EPIL has executed critical activities in Indian Oil Corporation Limited’s 15 MMTPA Paradip Refinery project, the Saurashtra Narmada Avtaran Irrigation (SAUNI) Pipeline Yojana project, as well as the Kaladan Multimodal Transport Project in Myanmar.

State oil firms have spent 90 per cent of this fiscal’s capital expenditure in the first nine months, with ONGC Videsh, Oil India and Indian Oil Corporation having exceeded their annual targets already.

State oil firms have spent 90 per cent of this fiscal's capital expenditure in the first nine months, with ONGC Videsh, Oil India and Indian Oil Corporation having exceeded their annual targets already.

State oil firms have spent 90 per cent of this fiscal´s capital expenditure in the first nine months, with ONGC Videsh, Oil India and Indian Oil Corporation having exceeded their annual targets already.

State oil firms have spent 90 per cent of this fiscal’s capital expenditure in the first nine months, with ONGC Videsh, Oil India and Indian Oil Corporation having exceeded their annual targets already.

Indian Oil Corporation is in talks to buy debt-laden Gujarat State Petroleum Corp´s (GPSC) stake in the under-construction Rs.4,500-crore Mundra LNG import terminal in Gujarat.

Minister of State for Petroleum and Natural Gas Dharmendra Pradhan said that the Chennai Petroleum Corporation Ltd (CPCL) had to be merged with its parent company Indian Oil Corporation Ltd (IOCL).

Indian Oil Corporation (IOC) said it would increase its yearly investment from the current Rs.14,000-15,000 crore to about Rs.20,000 crore over the next five to seven years.