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Major fire breaks out at petrol storage facility in Surat

A major fire broke out on Saturday at a petrol storage tank of state-owned Indian Oil Corp's Hazira terminal in Gujarat.No casualty was reported immediately. Local authorities and the company......

India's thirst for petrol supports Asian margins

Strong Indian imports of petrol, boosted by a shift towards petrol car sales, are expected to underpin Asian margins for the fuel at least for the rest of the fiscal year to next March, industry......

IndianOil plans Rs 11,000-cr capex for this year

The Indian Oil Corporation is planning to spend Rs 11,000 crore (Rs 110 billion) in the current financial year, on projects in the refinery, marketing, pipeline and petrochemical divisions.A senior......

IOC plans 15 million tonne refinery in Gujarat

Indian Oil Corporation, the nation's largest oil firm today said it is planning to build a new 15 million tonne refinery in Gujarat as part of its plans to almost double its refining capacity.IOC,......

Essar Oil bullish after acquiring UK's Stanlow

Essar Oil recently completed acquisition of Stanlow refinery, Britain's second biggest, in a $350-million deal with Shell.Naresh Nayyar, Managing Director and Chief Executive Officer, Essar Oil,......

IOC starts buying Cairn's Rajasthan crude oil

Indian Oil Corporation has started buying crude oil from Cairn India's Rajasthan oil fields, which have now crossed the 1,00,000 barrels per day mark in production. "We started taking Cairn crude......
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Eye on demand growth, oil cos focus on creating refining hub

Early last year, India announced plans to set up one of the world’s largest refineries in coastal Maharashtra with a capacity of processing 60... ...

http://www.mydigitalfc.com/news/eye-demand-growth-oil-cos-focus-creating-refining-hub-553
TABLE-India's Feb oil output falls 3.4 pct y/y - govt data

March 22 (Reuters) - Indian refiners processed about 2.33percent less oil in February from a year ago at 19.05 milliontonnes, or about 5 million... ...

http://www.sify.com/finance/table-indias-feb-oil-output-falls-34-pct-yy---govt-data-news-commodities-rdwqumchacedi.html
One killed another injured in mishap at Gujarat refinery

A worker was killed and another injured after the cradle of a high mast lighting tower crashed during a maintenance job inside IOC owned Gujarat... ...

http://www.dnaindia.com/india/report-one-killed-another-injured-in-mishap-at-gujarat-refinery-2335231

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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