Monday, November 29, 1999

IOC says executing projects worth $10.1 bln

News posted by www.newsinfoline.com

State-run Indian Oil Corp. is implementing projects worth 470 billion rupees ($10.1 billion), the company said in a statement on Friday.The company imported 39 million tonnes of crude oil last fiscal year, the statement said.IOC has fixed 130 billion rupees ($2.8 billion) as capital expenditure for the current fiscal ending April, Chairman B. M. Bansal told reporters.The company's gross refining margin stood at $4-$5 per barrel.IOC, the largest state-owned refiner, operates 10 refineries in India with combined capacity of 1.2 million barrels per day.($1 =46.4 rupee)

News posted by www.newsinfoline.com

Click here to read more news from www.newsinfoline.com
Please follow our blogs

newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1

photogallery1

No comments:

Post a Comment