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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 swapping facility in one of its outlets in Chandigarh. The company is to gradually scale ..
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 Gas Dharmendra Pradhan and the Chairman and CEO of Rosneft, Igor Sechin. Under the agreement, Russia ..
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 which IOCL will have the administrative assistance for commercial participation in the gas-rich petroleum sector ..
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 ‘APNA UREA-SonaUgle’ and also unveiled the logo of the company. With the objective of making ..
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 Gas and Steel, Dharmendra Pradhan attended the press conference for the approval and said that ..
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 extreme winter conditions. The move will help to address the problem faced by people due ..
The 2nd edition of the Asia LPG Summit 2019 was held in New Delhi with theme ‘LPG – Energy for Life’. The summit was organized by the World LPG Association (WLPGA) in association with major Indian public-sector oil companies (OMCs) Indian Oil, Hindustan Petroleum, and Bharat Petroleum. In it, Union Petroleum Minister Dharmendra Pradhan stated ..
In a major initiative to connect all the North-East (N-E) states to the National Gas Grid, the 5 central oil PSUs – IOCL, ONGC, GAIL, OIL, and NRL – have signed a joint venture agreement for executing the North – East Natural Gas Pipeline Grid (N-ENGPG) in Guwahati on July 19, 2018. As per the ..