Larsen & Toubro (L&T) said that the hydrocarbon-onshore segment of its energy business has won a contract from Indian Oil Corporation (IOCL) pertaining to the Panipat Refinery Expansion Project (P-25 project). The company has been awarded an engineering, procurement, construction, and commissioning (EPCC) contract from IOCL for installing a residue hydrocracker unit (RHCU) for the […]
Indian Oil Corporation Limited (IOCL) has inked a long-term supply agreement with Air Products to secure the supply of hydrogen and nitrogen from the latter for its Barauni oil refinery in Bihar. In this connection, Air Products will build, own and operate (BOO) a new industrial gases complex, which will produce hydrogen, nitrogen, and steam […]
Gulshan Polyols Limited said that it entered into a long-term offtake agreement with oil marketing companies (OMCs) such as IOCL, BPCL, and HPCL for the supply of 3.96 crores litres per annum of indigenous denatured anhydrous ethanol for Assam under the Ethanol Blending Petroleum Program. As per the offtake agreement, the supply will begin within […]
Indian Oil Corporation Limited (IndianOil) said that its board of directors has approved the company’s acquisition of a 4.93% stake in Indian Gas Exchange Limited (IGX). The Indian government-owned oil and gas company has purchased 36.9 lakh equity shares of the face value of INR 10 each in the natural gas exchange. Indian Gas Exchange […]
Larsen & Toubro (L&T) said that its heavy engineering unit has bagged an order from Technip Energies-India for supplying an oxidation reactor to be installed at a public sector petrochemical project in India. The order is for the technologically critical titanium clad reactor for a purified terephthalic acid plant. According to Larsen & Toubro, the […]
The Indian Oil Corporation Limited (IndianOil or IOCL) has awarded a contract pertaining to the Barauni Refinery Expansion Project in Bihar to McDermott International. The contract is for the engineering, procurement, construction (EPC) and commissioning of a new naptha hydrotreating plant and a new isomerization plant with related facilities. Commenting on the Barauni Refinery Expansion […]
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 […]
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 […]
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 […]