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Economy

Government permits Adnoc of UAE to export oil from India's strategic reserves

In an order, the ministry said the condition of export being allowed only through IOC will continue, but "AMI (Adnoc Marketing International (India) RSC Limited India) is exempted from STE conditions and is allowed to re-export crude oil from their commercial stockpile at Mangalore strategic petroleum reserve, at their own cost".

Mar 23 2024

Economy

IOC ventures into F1 racing fuel manufacturing; targets certification in 3 months,;eyes global market

IOC's October launch of 'reference' petrol and diesel ends India's reliance on imported automotive testing fuels. Consumer fuel diversification includes premium XP95, XP100 petrol, and XtraGreen diesel, focusing on economy and emissions. 'Storm' petrol for racing and FIM partnership exhibit IOC's strategic expansion, aligning with F1 regulations and sustainability.

Mar 10 2024

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