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Chemicals >  Petrochemicals & Hydrocarbons > Indian Oil Corporation
Indian Oil Corporation
IndianOil controls 10 of India's 18 refineries with a current combined rated capacity of 49.30 million metric tonnes per annum (MMTPA) or 990 thousand barrels per day (bpd). These include subsidiaries Chennai Petroleum Corporation Ltd and Bongaigaon Petroleum Corporation Limited. It owns and operates the country's largest network of cross-country crude oil and product pipelines of 7,170 km, with a combined capacity of 52.75 MMTPA
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Corparate Office:
3079/3,
J B Tito Marg, Sadiq Nagar
New Delhi, DH, 110049
Phone : +91-11-26260000
/images/logos/local/th_indraprastha.jpgIndraprastha Gas Ltd
Indraprastha Gas Ltd. is a joint venture of GAIL (India) Limited, Bharat Petroleum Corporation Limited and the Government of the National Capital Territory of Delhi. IGL was incorporated to implement the Compressed Natural Gas (CNG) expansion programme and the Piped Natural Gas (PNG) project for varied applications in the domestic and commercial sectors
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/images/logos/local/th_ingenero.jpgIngenero
Ingenero provides remote monitoring and optimization for continuous process manufacturers, such as petroleum refineries and chemical producers. Its service allows clients in the US and Asia to increase yield, improve safety, and reduce emissions. Most services are provided from Ingenero's facility in India. Ingenero has established an alliance with United Oil Products (UOP), a major supplier of process technology, to jointly market the services of the two companies.
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/images/logos/local/th_kochirefineries.jpgKochi Refineries Ltd.
Kochi Refineries Limited (formerly known as Cochin Refineries Limited) is a petroleum refining company with Bharat Petroleum Corporation Limited (BPCL) as the majority shareholder...They took the road of quality and responsibility. And it paid rich dividends of goodwill and progress. It was thirty-five years back that KRL, formerly known as Cochin Refineries Ltd., started as a refinery with a capacity of 2.5 million metric tons per annum.In addition to producing petrol, the company also makes diesel, kerosene, liquefied petroleum gas (LPG), furnace oil, aviation turbine fuel, and bitumen.
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/images/logos/local/th_mahanagargas.jpgMahanagar Gas Limited (MGL)
Mahanagar Gas Limited (MGL), a pioneering initiative to bring clean, safe efficient and affordable Piped Natural Gas, direct to over 6,00,000 homes in Mumbai. Presently MGL has connected to more than 1,80,000 households in Mumbai.
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/images/logos/local/th_oilco_services.jpgOilco Services
Oilco Services (India) Limited was incorporated in 1999 and commenced its operational activities in the year 2000.Our organisational objective is to supply, install, commission and maintain all equipment that is used in a petroleum retailing station environment. In that, Oilco Services aims at becoming the largest service provider to the petroleum retailing companies in India.
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Oil firms face inventory losses as crude prices decline
Posted on 24th June 2017
Mumbai: Oil prices are at a seven-month low of $45.17, having fallen 20.5% since January 2017 following rising crude production in the US, Libya and Nigeria.

Although this is not a cause for worry in the short term for Indian oil marketing companies (OMCs) Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL), falling crude prices over an extended period could hurt. Read More


Daily revision of petrol, diesel rates: Fuel prices to change every morning from today, key takeaways
Posted on 16th June 2017
Daily revision of petrol, diesel rates: Petrol and diesel prices will be changed on a daily basis. Starting today, the move by state-owned oil companies will mark a departure from the earlier practice of fortnightly revisions of rates, according to reports. Rates will change everyday depending on any movement in international oil rates. Yesterday, petrol price was reduced cut by Rs 1.12 per litre and diesel price was cut by Rs 1.24 per litre. Till now, prices were used to be revised on 1st and 16th of every month based on the fortnightly average of international oil price and the foreign exchange rate, the report says. Read More

IOC, BPCL, HPCL sign agreement to set up $30 bn refinery
Posted on 15th June 2017
State-owned oil firms IOC, BPCL and HPCL on Wednesday signed an agreement to jointly set up India's biggest refinery at Ratnagiri district of Maharashtra at a cost of $30 billion or Rs two lakh crore.

Indian Oil Corp (IOC) will be the lead partner with 50 per cent stake while Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) will take 25 per cent stake each. Read More


Here’s how to check daily petrol, diesel prices
Posted on 14th June 2017
With petrol and diesel prices set to change on a daily basis across the entire country from 16 June, oil companies have made provisions for consumers to check the revised rate of fuels through various methods, such as LED screens at petrol pumps, toll-free number, social media posts, price revision alert on app as well as SMS facility.

The state-run oil marketing company Indian Oil Corporation Ltd., (IOC) said that for the convenience of customers, every petrol pump will now have its dealer’s code prominently displayed, to allow consumers to verify prices through SMS. Read More


Indian Oil, HP, BP lose market share to Reliance, Essar, Shell
Posted on 9th June 2017
Mumbai: State-run oil marketing companies Indian Oil Corp. (IOC) Ltd, Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) lost nearly 12 percentage points market share in the fuel retailing business to private firms such as Essar Oil, Reliance Industries Ltd (RIL) and Shell India in 2016-17 according to three officials at the state-owned firms.

It was expected, the three added, and the companies are launching measures to not lose any more share and regain some lost ground. Read More

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