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ioc: Sri Lankan government renews Lanka IOC's petroleum licence for 20 years

According to officials, the Sri Lankan government has extended for an additional 20 years the petroleum products licence that Lanka IOC, the Indian Oil Corporation subsidiary operating locally, was granted. The first 2003 permit was set to expire in January 2024. The government has extended the petroleum products licence given to Lanka IOC, the Indian Oil Corporation local subsidiary, for an additional 20 years, the officials said. ....

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lng: Dhamra LNG terminal built entirely on promoter finance; no financial commitment from IOC, GAIL, say sources

The project cost of Dhamra LNG terminal is Rs 6,450 crore, the sources said responding to Moitra s assertion that the terminal to import natural gas in its liquid form, called LNG, was built at a much higher cost than Rs 5,000 crore that IOC incurred in construction of a similar sized facility at Ennore in Tamil Nadu. ....

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