Tag Archives | IOC

IOC eyes Egypt

Indian Oil Corp (IOC) is the latest entrant to Egypt. The country’s oil minister has said that talks are on for a $9bn refinery and petrochemical complex. A feasibility study is likely to be ready by mid-2010 after which IOC would take a final decision on the investment. Egypt has drawn up a mega plan […]

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PO surplus set to continue

Despite India’s stellar economic performance there are signs that the country’s polyolefin surplus will not disappear very soon. In a presentation at last week’s Asian Chemical and Petrochemical Conference, Raj Datta of Haldia Petrochemicals Ltd drew out three scenarios. In the first case, India would have a surplus of 2m tonnes of polyethylene (PE) and […]

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Eyes on Ennore

Ennore in Tamilnadu is likely to emerge as the next refining and petrochemicals destination in India, reports ICIS news. Indian Oil Corp (IOC) has identified Ennore for a new range of projects including an export-oriented refinery and/or petrochemicals complex and a liquiefied natural gas (LNG) terminal. IOC’s subsidiary Chennai Petroleum Corp Ltd (CPCL) has already […]

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Investors invited

Indian Oil Corp (IOC) and Chennai Petroleum Corp Ltd (CPCL) are said to be looking for a strategic investor to partner their 15m tonnes/year refinery and petrochemicals project at Ennore, Tamil Nadu. No time frame appears to have been set but Engineers India Ltd is working on a prefeasibility report which is due to be […]

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Pakistani potential

India and Pakistan are steadily opening up their markets and this is good news for Indian chemical manufacturers. Pakistan does not have as big a chemical industry as that of India, but its demand for various end-products is rapidly expanding. Today’s newspapers report that Indian Oil Corp (IOC) is looking to export PTA and lube […]

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Turkey calling

IOC’s desire to build a refining and petrochemical base in Turkey makes interesting reading. The plan is make a joint bid with Turkey’s Calik Group for the government’s stake in Petkim and also construct a 15m tonne/year refinery at Ceyhan for completion in 2012. IOC had expressed interest in Turkey a year back and the […]

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Haldi Petro ownership fight escalates

It is a story with enough twists and turns to put a Bollywood film to shame. Haldia Petrochemicals’ creditors have now filed a case in the Calcutta High Court protesting against an order passed by the Company Law Board (CLB) for transfer of the West Bengal government’s stake to The Chatterjee Group.

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