LNG to offtake 1.2 mt LNG per year from Petronas' Canada Project for 20 years.
Indian Oil Corporation (IOC) today said it will invest Rs 10,000-11,000 crore during the 2013-14 fiscal.
Petrol price may be cut by as much as Re 1 per litre over the next few days when state-owned oil firms review rates.
Days after raising petrol price by a steep Rs 7.54 a litre, nation's largest oil firm Indian Oil Corp (IOC) hinted at a Rs 1.25-1.50 per litre cut in rates later this week.
The Indian Oil Corporation Limited's (IOCL) 15 million ton per annuam capacity oil refinery plant at Paradip is likely to be commissioned by end of 2012, official sources said.