Indian Oil Corporation: GK, General Studies and 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 swapping facility in one of its outlets in Chandigarh. The company is to gradually scale ..

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 Gas Dharmendra Pradhan and the Chairman and CEO of Rosneft, Igor Sechin. Under the agreement, Russia ..

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 which IOCL will have the administrative assistance for commercial participation in the gas-rich petroleum sector ..

‘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 ‘APNA UREA-SonaUgle’ and also unveiled the logo of the company. With the objective of making ..

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 Gas and Steel, Dharmendra Pradhan attended the press conference for the approval and said that ..