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Indian Oil Corp. announces expansion of Panipat Refinery

Indian Oil Corporation Limited (IOC) announced that its board has approved an investment of INR32,946 crore (USD4.5 billion) to expand the capacity of Panipat Refinery. IOC, along with subsidiary Chennai Petroleum, controls about a third of India’s five million-barrels-per-day (bpd) oil refining capacity. The investment will boost the capacity of the refinery, IOC’s seventh and […]

The post Indian Oil Corp. announces expansion of Panipat Refinery appeared first on F&L Asia.

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