IOC charts Rs 1.8-trillion capex
State-run refiner Indian Oil Corp will invest Rs.1.8 trillion in the next six-seven years to ramp up capacities in refineries and gas pipeline. IOC Chairman B Ashok said inventories have helped in improving gross refining margins (GRM) to $9.9 per barrel in Q1, which may not be sustained during the rest of the year.
Paradip Refinerys DHDT unit inaugurated
In a step towards commissioning of Rs.34,555 crore Paradip Refinery Project, its Diesel Hydrotreater (DHDT) unit was inaugurated by Indian Oil Chairman B Ashok here in presence of Director (Refineries) Sanjiv Singh.
Ennore LNG Terminal spadework by December
The much-awaited LNG terminal at Ennore, the first on the East Coast of India, is finally set to kick off by the end of this year. Indian Oil Corporation´s CMD B Ashok has said that construction of the Rs 5,150 crore terminal will begin within the end of this year.
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