AVISTA OIL AG and IFP Petro join forces to transform used oil re-refining in India and create a sustainable future

May 26, 2023

Noida (Uttar Pradesh) [India], May 26: AVISTA OIL AG, the leading global player in used oil collection, re-refining, and sustainability, has entered the Indian...

AVISTA OIL and IFP Petro: Progress, Future Plans, and Call for Government Support

Jun 29, 2024

New Delhi [India], June 29: AVISTA OIL, a global leader in used oil collection and re-refining, and IFP Petro, a leading Indian company in...

India to boost crude oil refining capacity by 35-40 MT by Fiscal 2030: Crisil Ratings

Sep 29, 2024

India's oil marketing companies (OMCs) are expected to increase the country's crude oil refining capacity by 35-40 million tonnes (MT) by the end of...

India is a refining superpower, can process Venezuelan oil: Marco Rubio

Oct 20, 2026

US Secretary of State Marco Rubio described India as a refining superpower, highlighting its ability to process Venezuelan crude oil. He said the US...

Profit of oil companies will decrease in FY25 as refining margin drops

May 22, 2024

The Gross Refining Margin (GRM) of Indian oil companies in FY23 was at USD 16-18/ Barrel (bbl), in FY24 the GRM of Indian Refiners...

Indian Oil Q3 net profit jumps 19 pc on higher refining margin

Jan 31, 2022

New Delhi [India], January 31 : Indian Oil Corporation Ltd reported a standalone net profit of Rs 5,861 crore for the December quarter of...