“We are looking for these type of opportunities (investing in oil sands). Canada has huge reserves of oil sands,” ONGC group chairman and managing director AK Hazarika told Financial Chronicle on Wednesday.
The government is likely to dilute its stake in 7 more companies this fiscal, including 10 per cent disinvestment in Indian Oil Corporation in January and SAIL's stake sale in
Foreseeing enhanced competition from private fuel retailers in aftermath of petrol prices decontrol, state-run Indian Oil Corporation Limited (IOC), will adopt a vertical growth plan to expand its retail network.
Indian Oil Corporation and Oil India are not planning to raise their $570 million takeover bid for Gulfsands Petroleum, which the UK-listed explorer rejected as inadequate.
"We feel we've made
LPG REFILL cylinders may be available at your doorstep in just three hours notice. But this prioritised service can be availed by cooking gas users by paying a premium.
As India moves to free petroleum prices, technology is being seen as a fix for raising output from declining reservoirs.
State-run refiner Indian Oil Corporation plans to recruit 250 people this year primarily to fill the vacancies in its engineering division, a top company official has said.
India's largest oil
The nation's largest oil firm Indian Oil Corporation today flagged off a "check and fill campaign" in a bid to make customers aware of quality and quantity of petrol available in its retail outlets.
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