Indian Oil Corporation (IOC) Current Affairs, GK & News

Sri Lanka India Oil Deal

On January 6, 2022, the Sri Lankan Government signed an agreement with the Lanka Indian Oil Corporation (LIOC). According to the agreement, Sri Lanka will lease oil tanks to IOC. About the Agreement Sri Lanka has leased 14 tanks to LIOC for fifty years. Another 24 tanks have been leased to CPC. CPC is joint ..

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What is Trincomalee oil tank farm deal?

Sri Lanka is soon going to ink the long-dragging deal with India for jointly develop the ‘Trincomalee oil tank farm’. Highlights Trincomalee oil tank farm deal is a coveted project, that has remained controversial since long time. India and Sri Lanka have been negotiating this project for 16 months. For this purpose, Sri Lanka’s Energy ..

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Indian Oil- Norway’s Greenstat join hands for hydrogen research

The Indian Oil Corporation (IOC) and the Greenstat Norway signed an agreement to set up the Centre of Excellence on Hydrogen. This agreement was signed some days after India unveiled its national hydrogen mission. Highlights The National Hydrogen Mission was unveiled by the Indian government to accelerate their plans to generate the carbon-free fuel from ..

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Petrol and Diesel Prices to be revised Daily from June 16

State-run oil marketing companies such as Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) will revise the prices of petrol and diesel daily from June 16 throughout the country. The move is aimed at countering the practice of undercutting by private retailers as well as to bring India at par ..

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IOC ranked No.1 on India’s Fortune 500 list

According to the latest annual list of Fortune 500 companies in India published by business magazine Fortune, state-run Indian Oil Corp (IOC) is country’s biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at the second place. Indian Oil Corp (IOC) was the biggest with annual revenue of Rs ..

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