SAARC nations, including Bangladesh, Pakistan, Sri Lanka and Nepal are projected to have a fuel deficit of 17.05 million tons by 2015 and 20.85 million tons by the year 2020. IOC has said if the SAARC countries accept a long-term tie up with IOC for the supply of petroleum products, it can suitably expand some of its existing refineries to meet their requirement on mutually agreed terms based on international prices.
.jpg)
Athletes at the Winter Olympics in Sochi may be punished for making statements on the podium against Russia's anti-gay laws or human rights record but can do so at news conferences without fear of sanction, the IOC said.
Indian Oil Corporation may bid for acquiring petrol pumps owned by Kuwait Petroleum Corporation and Jet, a subsidiary of Canoco Philips, in Thailand to expand its retailing operations beyond India.
Indian Oil Corporation, the country's largest oil firm, lost about Rs 4,900 crore (Rs 49 billion) in revenues during the first quarter of the current fiscal on selling fuel below the cost.
Host cities were allowed to propose additional sports as part of he IOC's "Agenda 2020" reforms with an aim to help host countries' most played sports gain exposure via the Olympics.
From wrestlers' protest to WFI elections: Timeline
Hindustan Aeronautics Limited on Wednesday handed over the first LCA Tejas twin-seater aircraft to the Indian Air Force.
The US needs to make a more serious commitment to the fight against performance enhancing drugs.
Tatas have joined hands with state refiner Indian Oil and exploration firm Oil India Ltd to consider bidding for acquiring Caspian Energy Group LLP's (CEG) interest in an Azerbaijan oil field.Tata Petrodyne Ltd, a wholly-owned subsidiary of Tata Sons, has joined the IOC-OIL combine to make a bid to buy CEG's 51 per cent stake in the Shivran Oil Operating Company that runs the Kyurovdag oil field in Azerbaijan, industry sources said.
Only 47 per cent of tickets have been sold so far, while premium events and opening ceremony have been technically sold out
Brisbane becomes the third Australian city to get the Games after Melbourne in 1956 and Sydney in 2000.
IOC's marketing director GC Daga said that the company is planning to open 1,000 rural outlets with Kisan Seva Kendras or farmer service centres attached to them.
IOC had challenged the Uttar Pradesh government decision.
The medium-term scenario for oil marketing companies (OMCs) is high risk due to the surging crude and gas prices. Apart from OPEC-plus cutting production, the Hamas-Israel conflict has caused fears of supply disruption. The July-September quarter of 2023-24 (Q2FY24) saw positive surprises for OMCs. Strong gross refining margins (GRMs) more than offset weak marketing margins.
