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Home > News > IndianOil to set up refinery in Sri Lanka for Rs 20,000 cr > IndianOil to set up refinery in Sri Lanka for Rs 20,000 cr

IndianOil to set up refinery in Sri Lanka for Rs 20,000 cr [1]

To be second Indian company after Essar to have a refinery abroad

Indian Oil Corporation (IOC) will set up its first refinery outside India with an investment of up to Rs 20,000 crore in Sri Lanka. It will thus become the second Indian company to have a refinery abroad. The Ruias-promoted Essar Energy owns the Stanlow refinery in the UK and has 50 per cent interest in Kenya Petroleum Refinery.

Publication Date: 
30/07/2012
Kalpana Pathak [2]
Business Standard (New Delhi) [3]
Tags:
Indian Oil Corporation (IOC) [4], Sri Lanka [5], Petrochemical Industry [6], Refinery Technology [7], Energy [8]
Centre for Science and Environment
National Knowledge Commission Government of India

Technology Partners: MimirTech


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Source URL: http://admin.indiaenvironmentportal.org.in/news/indianoil-set-refinery-sri-lanka-rs-20000-cr

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/indianoil-set-refinery-sri-lanka-rs-20000-cr
[2] http://admin.indiaenvironmentportal.org.in/category/author/kalpana-pathak
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/indian-oil-corporation-ioc
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/sri-lanka
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/refinery-technology
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy