State-owned Indian Oil Corporation floated its first tender to purchase high-sulfur, or sour, crude from North America as it seeks to diversify imports. BusinessLine reports that India's largest oil refiner is seeking to buy the crude grades Mars, Southern Green Canyon and Thunderhorse from the United States, and Western Canadian...
Indian Oil to invest in Nuclear Power
Indian Oil Corporation (IOC) may invest upto 26 percent of $2.7 billion to expand the Rajasthan Atomic Power Stations of India's Nuclear Power Corporation Ltd (NPCIL). At present Indian law does not permit private sector investment into Atomic Energy. NPCIL is 100% owned by the Indian government via its Department...