Wednesday, 16 September 2015

Indian Oil Corporation (IOC) will be investing Rs 1.75 trillion over the next seven years : 16 Sept 2015



Country's largest oil refiner Indian Oil Corporation (IOC) said it will be investing Rs 1.75 trillion over the next seven years to expand output by 54% to around 100 million tonnes per annum. "We have a capex plan of Rs 1.75 trillion over the next seven years. And out of this, Rs 50,000 crore will be for brownfield expansion at existing facilities," its chairman B Ashok said after the company's 56th AGM here. Giving details of the capex plan, he said the company will be investing Rs 35,000 crore into marketing, Rs 15,000 crore for pipelines, Rs 35,000 crore into exploration and production, Rs 30,000 crore into petrochemical projects, and Rs 7,000 crore into gas. On payments for Iran, he said IOC has $500 million dollars in pending dues, and the government is discussing the modalities of the payment. The country is set to pay Iran $700 million to clear more than one-tenth of the outstanding oil dues, ahead of the expected lifting of sanctions against Tehran. OVL submits $10 bn plan for Iran gas field NEW DELHI : ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has submitted a USD 10 billion integrated proposal to Iran for developing the Farzad-B gas field in the Persian Gulf and shipping the gas to India, reports PTI. A consortium of OVL, Oil India Ltd and Indian Oil Corp had discovered the 12.8 trillion cubic feet of gas reserves in the Farsi block in 2008. The discovery was named Farzad-B. Gas produced from the field can either be converted into LNG by freezing at sub-zero temperature and shipping in cryogenic ships to India or transported through a pipeline - either overland passing through Pakistan or sub-sea.

About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comments:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Latest updates tips : Follow

© Copyright 2015 Money99. Designed by Parag Patil