OMCs plan to set up EV charging stations at petrol pumps

Indian Oil and BPCL, Oil marketing companies are planning to set-up e-vehicle charging infrastructure at existing fuel pumps. Both the companies are betting on electric vehicles, which is now a major section of the automobile sector in the country.

Highlights

INDIAN OIL AND PHINERGY TO MANUFACTURE SPECIAL BATTERIES

HIGHLIGHTS

• Indian Oil and Phinergy have joined hands to manufacture special batteries in India.
• Ashok Leyland and Maruti Suzuki have signed letter of intent with new joint venture for using aluminium-air systems.

Indian Oil and Phine...

IDCO SIGN MOU FOR PARADIP PLASTIC PARK

HIGHLIGHTS

• IDCO and IOCL have signed MoU to develop Paradip Plastic Park in Odisha.
• Till MAR 2030, an incentive of Rs 2000/MT shall be offered to the manufacturing units on Polypropylene granules from Paradip Refinery.
• Shipment from Refiner...

ENGINEERS INDIA RECEIVES CONSULTANCY PROJECT

HIGHLIGHTS

• Engineers India has received a project from IOCL.
• The project is worth Rs. 600 ten-million.
• The project is going to be implemented at the Panipat Refinery.
• Completion of project is likely to take 40 months.

INDIA INVITES INVESTMENT FROM EXXONMOBIL

HIGHLIGHTS

• The Indian government has invited ExxonMobil to increase investment in oil exploration.
• The government is wooing ExxonMobil to take stakes in offshore acreage controlled by ONGC.

In JAN 2021, the state-backed Oil & Nat...

SOUTH KOREA RUNS OUT OF OIL STORAGE

After the collapse in demand for oil, majority of countries are in the race of purchasing maximum crude oil that too at a dream rate. South Korea is fourth-largest country in Asia when it comes to commercial storage capacity. Apparently South Korea has completely has run out of it’s oil sto...