Indian Oil Corporation Limited is an energy major of India. ‘Energy major’ because it has marked its presence in almost all the sectors of oil, gas, petrochemicals and alternative sources of energy. Over the past 5 decades almost, the company has performed efficiently with the help of its army of 33,000 and the recent developments at IOCL are a proof that it continues to be on the same path.
IOCL’s 13,400 km pipeline network is spread across the country facilitating the distribution. And with each success, the company is keeping the integrity of the vision and ethics it was built upon.
What’s new in IOCL?
On April 6, 2018, Indian Oil took a step ahead in the upstream by procuring 17% participating interest in Mukhaizna Oil Field in Oman from Shell. The transaction value of the agreement was $329 million which has been made through the wholly owned subsidiary of the company, IOCL Singapore Pte. Ltd.
The Mukhaizna Oil Field has a production capacity of 1, 20,000 bbl/d and is the largest oil producing field of Oman. This is IOCL’s first acquisition in the Middle East, and the company has shown its strong presence in upstream after this procurement.
On 10th March 2018, IOCL with Tata Motors Ltd. for the very first time demonstrated trials of Hydrogen Fuel Cell Bus in front of the nation. It was the 47th Foundation Day Function of Indian Oil R&D. A huge leap towards the ‘Clean India’ dream. The vehicle will be put under the long-term trials to properly understand the efficiency and durability of this new technology.
On this occasion, Fuel Cell laboratory at the Indian Oil R&D facility was inaugurated marking a new start, a cleaner start for a better future.
Nation’s one of the biggest company, biggest in its true sense, has made India proud with every step it has taken. Proudly embracing all its flaws and achievements IOCL will bring more laurels to the country and will continue moving towards a better development.
Visit our insights section to find about the job application process at IOCL, the process of bidding for their tenders, their CSR activities and their work culture.
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