Indian Oil Corporation
Arvinder Singh Sahney Becomes Indian Oil Chairman
Arvinder Singh Sahney has been appointed as the Chairman of Indian Oil Corporation as of November 13, 2024. His appointment follows the tenure of S. M. Vaidya. Previously, V. Satish Kumar held the position in an interim capacity. Sahney brings ..
Month: Current Affairs - November, 2024
Category: Economy & Banking Current Affairs
Indian Oil Corporation launches battery swapping facility for EVs
On June 26, 2020, the Indian Oil Corporation (IOC) launched battery swapping facility for Electric Vehicles at its petrol pumps. The facility will replace discharged batteries with charged batteries in 2 minutes. Highlights The IOC is to begin its battery ..
Month: Current Affairs - June, 2020
IOC signs MoU with Russia’s Rosneft for crude oil imports
Indian Oil and Gas company, the Indian Oil Corporation recently signed an MoU with Russian energy firm, Rosneft for importing Crude Oil from Russia. The crude oil purchase agreement was signed during a meeting between Union Minister of Petroleum and Natural ..
IOCL inks MoU with Oil Regulator of Ghana
To further strengthen the bilateral relationship between India and West African country, Ghana, a Memorandum of Understanding (MoU) was inked between the Indian Oil Corporation Ltd (IOCL) and National Petroleum Authority (NPA) of Ghana on Wednesday, 22nd January 2020, under ..
Month: Current Affairs - January, 2020
Ghana inspired by India’s Ujjwala; India to assist; MoU signed
On January 23, 2020, Ghana announced that the country will replicate the Ujjwala model of LPG connection under the guidance of India (represented by Indian Oil Corporation). Highlights LPG coverage in Ghana is 23%. Citizens of Ghana spend hours together ..
Month: Current Affairs - January, 2020
‘APNA UREA- SonaUgle’ launched by Union Minister
The Union Minister for Chemicals and Fertilizers, D.V Sadananda Gowda on Friday, 17th January 2020 launched a brand of the Joint venture of the state-owned Maharatna Public Sector Undertakings- NTPC, IOCL, CIL-named Hindustan Urvarak & Rasayan Limited (HURL), brand named ..
Month: Current Affairs - January, 2020
Northeast Natural Gas Pipeline Grid gets Cabinet Approval
A Capital grant as viability gap funding of Rs 5,559 crore was approved by the Cabinet Committee on Economic Affairs on Wednesday, 8th January 2020 for setting up the North-East Natural Gas Pipeline Grid. The Minister of Petroleum & Natural ..
Month: Current Affairs - January, 2020
Amit Shah launches Winter-Grade Diesel for Ladakh
On 18 Nov, Union Home Minister Amit Shah through video-conferencing inaugurated First Winter-Grade Diesel outlet for Ladakh . The winter-grade diesel has been developed by the Indian Oil Corporation Limited (IOCL) to address the problem of loss of fuel during ..