Indian Oil Corporation (IndianOil) said that its board has accorded stage 1 approval for a styrene monomer project to be developed with a cost of INR 44.95 billion ($600 million) at its Panipat Refinery & Petrochemical Complex. The styrene monomer project will have a capacity of 387 thousand metric tonnes per annum (TMTPA). Anticipated to […]
Sharika Enterprises Limited said that it has been issued six letters of intent (LOIs) from Indian Oil Corporation Limited (IOCL) for setting up compressed biogas plants under the SATAT scheme. The compressed biogas plants are to be installed in Uttar Pradesh, Haryana, and Punjab, said Sharika Enterprises Limited, a Noida-based engineering procurement services provider. The […]
Indian Oil Corporation Limited (IOCL) has awarded two separate engineering, procurement, construction, and commissioning (EPCC) contracts to McDermott International for the former’s Haldia Refinery and the Barauni Refinery. Under the first EPCC contract, McDermott International will be responsible for a new diesel hydrotreating unit and related facilities for the Barauni Refinery expansion project in Bihar. […]
Indian Oil Corporation Limited (IndianOil or IOCL) has signed a memorandum of understanding (MoU) with the Gujarat Government for enabling investment of around INR 24,000 crore ($3.28 billion) for the IOCL Gujarat Refinery expansion and other infrastructure projects in the state. The MOU signing ceremony for “Investment Promotion” was presided over by Gujarat Chief Minister […]
Barauni Refinery expansion project : Technip Energies has bagged an engineering, procurement, construction, and commissioning (EPCC) contract for the BR9 Expansion Project in Barauni, Bihar from Indian Oil Corporation Limited (IOCL). The contract value is in the range of €50 million and €250 million. It calls for the installation of a new once-through hydrocracker unit […]
Bharat Heavy Electricals Limited (BHEL) has won an INR4 billion ($54 million) order from Indian Oil Corporation Limited (IOCL) for delivering a sulphur recovery unit for the Paradip Refinery in Odisha. The lump-sum turnkey (LSTK) contract enables BHEL to foray into the downstream oil and gas process package business. The sulphur recovery unit to be […]
Indian Oil Corporation Limited (IOCL) has given a contract to Engineers India Limited (EIL) pertaining to the $4.4 billion Panipat Refinery expansion project in Haryana. Under the INR six billion worth contract, Engineers India Limited will be responsible for providing consultancy for overall project management and also EPCM services (phase 2) of the project. The […]
The Indian Oil Corporation (IndianOil or IOCL) said that its board has approved the INR 138.05 billion ($1.8 billion) integrated Para-Xylene (PX) and Purified Terephthalic Acid (PTA) complex project (PX/PTA project) at its Paradip Refinery in Odisha, India. The Indian government-owned petroleum refining company said that the PX-PTA complex will be integrated with the Paradip […]
McDermott International has received a technology contract for grassroots fluid catalytic cracking unit (FCC unit) for the Panipat Refinery in Haryana, India owned by Indian Oil Corporation Limited (IOCL/ IndianOil). With a value between $1 million and $50 million, the contract involves technology license, basic engineering, proprietary equipment, training and technical services. The fluid catalytic […]
Oil and gas industry news : Three Indian state-controlled oil firms ONGC, Indian Oil Corporation (IOC) and Bharat Petroleum have acquired a 10% stake in consortium in an offshore Abu Dhabi oil field – the Lower Zakum oil field for a price of AED2.2bn ($600m). ONGC and Bharat Petroleum are represented by their international arms […]