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Indian Oil Corp Plans Higher US Imports, Seeks Stakes in Gas Carriers
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Indian Oil Corp is planning to increase its US imports and is scouting for stakes in gas carriers, a move that would make it the first Indian refiner to own such vessels.
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Indian Oil Corp Plans Higher US Imports, Seeks Stakes in Gas Carriers
Indian Oil Corp is planning to increase its US imports and is scouting for stakes in gas carriers. This move would make it the first Indian refiner to own such vessels. The company is looking to expand its presence in the global market and is exploring various options to achieve this goal. According to sources, IOC is in talks with several shipping companies to acquire stakes in very large gas carriers. This move is expected to help IOC increase its imports from the US and reduce its dependence on other countries. The company has not disclosed the exact details of its plans, but it is believed to be working on a long-term strategy to increase its presence in the global market.
Indian Oil Corp scouts stakes in gas carriers as it plans higher US imports
IOC would be the first Indian refiner seeking ownership of very large gas carriers.
Sources
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