New Delhi, April 28 (IANS) The government on Tuesday said the recent oil and gas discovery in Libya by Indian oil marketing companies (OMCs) — Oil India Limited (OIL), and Indian Oil Corporation Limited (IOCL) — with local operators reflects the growing global footprint of the country’s energy firms and their expanding presence in overseas assets.In a post on social media platform X, the Ministry of Petroleum and Natural Gas (MoPNG) congratulated OIL and IOCL, which were part of an Indian co…
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Mumbai, Feb 5 (IANS) Shares of Indian Oil Corporation (IOC) rose on Thursday after the state‑owned refiner reported close to 60 per cent surge in profits during the December quarter of FY26.Indian Oil posted a 59.3 per cent increase in net profit to Rs 12,126 crore for the quarter, up from Rs 7,610.5 crore in the September quarter. Revenue during the reported quarter increased to Rs 2.04 lakh crore, up about 14.3 per cent from Rs 1.78 lakh crore in the prior quarter.Earnings before interest, t…
New Delhi, Feb 1 (IANS) Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Sunday, highlighted India’s long-standing purchases of Venezuelan crude, saying that Indian refineries are capable of processing the heavier oil that Venezuela produces. Speaking to IANS in the national capital after the recently concluded India Energy Week 2026, Union Minister Puri said delegations from many countries, including Venezuela, attended the event and underlined that India’s relationship with…