Indian Oil Corporation Project

Topics: Petroleum, Petroleum industry, Oil refinery Pages: 15 (4586 words) Published: August 21, 2013
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Indian Oil Corporation

Indian Oil Corporation Limited|
Type| State-owned enterprise
Public (BSE: 530965‎)|
Industry| Oil and Gas|
Founded| 1964|
Headquarters| New Delhi, India|
Key people| Brij Mohan Bansal, Chairman|
Products| Oil
Natural gas
Revenue| ▼ $54.287 billion (2009)[1]|
Net income| ▲ $2.258 billion (2009)[1]|
Total assets| ▲ $29.672 billion (2009)[1]|
Total equity| ▲ $11.686 billion (2009) [1]|
Employees| 36,307 (2009)|
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* Indian oil corporation
Indian Oil, (BSE: 530965‎) is an Indian state-owned oil and gas company. It is India’s largest commercial enterprise, ranking 105th on the Fortune Global 500 list in 2009. Indian Oil and its subsidiaries account for a 47% share in the petroleum products market, 40% share in refining capacity and 67% downstream sector pipelines capacity in India. The Indian Oil Group of Companies owns and operates 10 of India's 19 refineries with a combined refining capacity of 60.2 million metric tons per year.

Indian Oil operates the largest and the widest network of fuel stations in the country, numbering about 17606 (15557 regular ROs & 2049 Kissan Sewa Kendra). It has also started Auto LPG Dispensing Stations (ALDS). It supplies Indene cooking gas to over 47.5 million households through a network of 4,990 Indian distributors. In addition, Indian Oil’s Research and Development Center (R&D) at Faridabad supports, develops and provides the necessary technology solutions to the operating divisions of the corporation and its customers within the country and abroad. Subsequently, Indian Oil Technologies Limited - a wholly owned subsidiary, was set up in 2003, with a vision to market the technologies developed at Indian Oil’s Research and Development Center. It has been modeled on the R&D marketing arms of Royal Dutch Shell and British Petroleum.

* Products
Indian Oil’s product range covers petrol, diesel, LPG, auto LPG, aviation turbine fuel, lubricants, naphtha, bitumen, paraffin, kerosene etc. Extra Premium petrol, Extra Mile diesel, Servo lubricants, Indene LPG, Auto gas LPG, Indian Oil Aviation are some of its prominent brands.

Recently Indian Oil has also introduced a new business line of supplying LNG (liquefied natural gas) by cryogenic transportation. This is called "LNG at Doorstep". LNG
Digboi Refinery, in Upper Assam, is India's oldest refinery and was commissioned in 1901. Originally a part of Assam Oil Company, it became part of Indian Oil in 1981. Its original refining capacity had been 0.5 MMTPA since 1901. Headquarters are located at the Scope Complex, Lodhi Road, Delhi.

Modernization project of this refinery has been completed and the refinery now has an increased capacity of 0.65 MMTPA. * Refineries
Guwahati Refinery, the first public sector refinery of the country, was built with Romanian collaboration and was inaugurated by Late Pt. Jawaharlal Nehru, the first Prime Minister of India, on 1 January 1962.
Barauni Refinery, in Bihar, was built in collaboration with Russia and Romania. It was commissioned in 1964 with a capacity of 1 MMTPA. Its capacity today is 6 MMTPA.
Gujarat Refinery, at Koyali in Gujarat in Western India, is Indian Oil’s largest refinery. The refinery was commissioned in 1965. It also houses the first hydro cracking unit of the country. Its present capacity is 13.70 MMTPA.

Haldia Refinery is the only coastal refinery of the Corporation, situated 136 km downstream of Kolkata in the Purba Medinipur (East Midnapore) district. It was...
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