IOCL - An integrated energy major with presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources; a world of high-caliber people, state-of-the-art technologies and cutting-edge R&D; a world of best practices, quality-consciousness and transparency; and a world where energy in all its forms is tapped most responsibly and delivered to the consumers most affordably.
It is top Indian corporate among the world's largest corporates in Fortune's'Global 500' listing, and the vision to become 'a globally admired company.'
IndianOil, with its 33,000-strong team, taking the lead to meet India's energy demands efficiently and effectively today, just as it has done over the last five decades, and an enterprise that fuels India's core sector for economic development.
IndianOil's business interests encompass the entire hydrocarbon value chain - from refining, pipeline transportation & marketing, to exploration & production of crude oil & gas, petrochemicals, gas marketing, alternative energy sources and globalisation of downstream operations.
IndianOil's global aspirations, fulfilled to an extent by the formation of subsidiaries in Sri Lanka, Mauritius, the UAE, Sweden, USA and The Netherlands.
IndianOil pursue diverse business interests with the setting up of over 15 joint ventures with reputed business partners from India and abroad to explore global opportunities.
IndianOil accounts for nearly half of India's petroleum products market share, with sales of 83.5 million tonnes in 2016-17. Over 35% national refining capacity and 71% downstream sector pipelines throughput capacity are with IndianOil. IndianOil Group owns and operates 11 of India's 23 refineries, with a combined refining capacity of 80.7 million metric tonnes per annum (MMTPA). They led the industry in keeping its commitment to supply cleaner, 100% BS-IV compliant automotive fuels across the country from 1st April, 2017.
IndianOil's 13,300-km cross-country pipelines network facilitates the transportation of crude oil to refineries and finished products to high-demand centres in an efficient, economical and environment-friendly manner. Its throughput capacity of 93.7 MMTPA for crude oil and petroleum products and 9.5 MMSCMD for gas makes it one of the largest pipeline networks in the world.
As the commercial enterprise with the largest customer interface in India, IndianOil has the onerous task of reaching precious petroleum fuels to every nook and corner of the country through its network of over 46,500 customer touch-points, surmounting the challenges of tough terrain, climate and accessibility. This includes 26,000+ fuel stations, including over 7,000 Kisan Seva Kendra (KSK) outlets in rural markets.
The countrywide marketing network is backed for supplies by 131 bulk storage terminals and depots and 91 LPG bottling plants, besides 104 aviation fuel stations.
While serving millions of customers from diverse segments, IndianOil has also built up a portfolio of leading energy brands, including Indane LPG cooking gas, SERVO lubricants, XTRAPREMIUM petrol, XTRAMILE diesel, PROPEL petrochemicals, etc. Besides the corporate brand, both SERVO and Indane are over 50 year old brands and have earned the coveted Superbrand status.
IndianOil's sprawling R&D Centre at Faridabad, one of Asia's finest in downstream petroleum R&D, offers competitive advantage to the Corporation through world-class technology and process solutions and innovative products. With four decades of pioneering work in lubricants formulation, refinery processes and pipeline transportation, the Centre has garnered over 540 patents, of which over 360 are international patents.
Over the past decade, IndianOil has assiduously built its new businesses, that is, petrochemicals and natural gas marketing, to a level where they have achieved integration into the core verticals. The Corporation's upstream forays into exploration & production have also yielded significant results in the form of a sizeable portfolio of oil & gas assets.
Besides being the second largest player in the domestic petrochemicals market, IndianOil exports to over 70 countries, offering the complete slate of petrochemical products and intermediates under the brand name PROPEL. The Corporation operates a world-scale Naphtha Cracker at its Panipat Refinery complex in Haryana, with four downstream units for production of polymer (plastics) intermediates. An integrated PX/PTA (Paraxylene/Purified Terephthalic Acid) plant, also set up at Panipat, produces polyester intermediates. IndianOil also operates the country's largest LAB (Linear Alkyl Benzene, used in the production of detergents) plant at its Koyali Refinery.
IndianOil took up natural gas marketing in 2004. Since then, it has expanded its customer base extensively by leveraging its strengths and countrywide reach. Its innovative 'LNG at the doorstep' initiative has benefited bulk users located away from gas pipelines. As co-promoter of PLL (Petronet LNG Ltd.), which has set up LNG (Liquefied Natural Gas) import terminals at Dahej & Kochi, IndianOil has marketing rights for 30% of the LNG procured by PLL. It is setting up a 5-MMTPA terminal at Ennore near Chennai for LNG imports and is also sourcing more LNG directly to meet the increasing domestic requirements.
IndianOil currently operates city gas distribution (CGD) networks in Agra and Lucknow through Green Gas Ltd., its joint venture with GAIL (India) Ltd. It is also implementing CGD projects in Chandigarh, Allahabad, Panipat, Daman, Ernakulam, Udhamsingh Nagar and Dharwad through a joint venture with Adani group.
IndianOil has built a sizeable portfolio of oil & gas assets, with participating interest in 10 domestic and eight overseas blocks. The eight overseas blocks are located in USA, Canada, Venezuela, Libya, Gabon, Nigeria and Russia. The Corporation's E&P business got a shot in the arm when an Indian consortium with IndianOil acquired 23.9 % of Vankor & 29.9% of Taas assets in Russia from Rosneft.In February 2018, an Indian consortium comprising IndianOil, ONGC Videsh and BPRL acquired a 10% stake in ADNOC's Lower Zakum Concession, Offshore Abu Dhabi. In the consortium, IndianOil owns a 30% participating stake.
IndianOil has acquired 17 % participating interest in the Mukhaizna oil field in Oman from Shell. IndianOil made this acquisition through its wholly owned subsidiary, IOCL Singapore Pte. Ltd. This is the Corporation's first producing upstream acquisition in Oman which will further enhance its growth in the upstream sector in the Middle East.
As one of the flagship public sector enterprises of India, Indian Oil has successfully combined its corporate social responsibility agenda with its business offerings, meeting the energy needs of millions of people every day, across the country.
Indian Oil has been partnering communities in which it operates by supporting innumerable initiatives connected with health, family welfare, education, environment protection, provision of potable water, sanitation, and empowerment of women and other marginalised groups. IndianOil has always been leading from the front in times of national emergencies, and has time and again rallied to help victims of natural calamities by maintaining uninterrupted supply of petroleum products and contributing to relief and rehabilitation measures in cash and kind.
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