JUNIOR ENGINEER/OFFICER

Indian Oil Corporation Limited (IOCL), trading as IndianOil, is a major Indian state-owned oil and gas company.¹ It is a "Maharatna" status company, a designation given to public sector enterprises in India with a proven track record of significant financial performance.²

Here's a comprehensive overview of IOCL:

History and Operations

• Formation: Indian Oil Corporation was formed in 1964 with the merger of Indian Refineries Ltd.³ (established in 1958) and Indian Oil Company Ltd. (established in 1959).⁴

  
  

• Business Segments: IOCL's business interests cover the entire hydrocarbon value chain.⁵ This includes:

  
  

  • Refining: The company owns and operates a number of refineries across India, making it a leading refiner in the country.⁶

    
    

  • Pipeline Transportation: IOCL has an extensive network of cross-country pipelines for transporting crude oil to refineries and finished products to high-demand centers.⁷

    
    

  • Marketing: It has one of the largest petroleum marketing and distribution networks in Asia, with thousands of fuel stations, LPG distributors, and aviation fuel stations.⁸

    
    

  • Exploration & Production (E&P): The company is also involved in the exploration and production of crude oil and natural gas, both in India and internationally.⁹

    
    

  • Petrochemicals: IOCL has diversified into the petrochemicals sector, producing various intermediates and products under the brand name "PROPEL".¹⁰

    
    

  • Natural Gas and Alternative Energy: The company is investing in the natural gas value chain and exploring opportunities in alternative energy sources like bio-energy, solar energy, and hydrogen.¹¹

    
    

Products and Services

IndianOil offers a wide range of products and services to both retail and institutional customers:¹²

• Automotive Fuels:

  • Petrol/Gasoline: Including branded fuels like "XTRA PREMIUM" and "XP100".

  • Diesel: Including branded diesel like "XTRA MILE".¹³

    
    

  • AutoGas and CNG (Compressed Natural Gas)

• Household Fuels:

  • Indane LPG: A popular brand of cooking gas, supplied in cylinders to millions of households.¹⁴

    
    

• Industrial and Commercial Products:

  • Aviation Fuel (ATF): IOCL has a significant market share in the aviation fuel business, supplying domestic and international airlines.

  • Lubricants and Greases: The company's "SERVO" brand offers a wide range of lubricants and greases.¹⁵

    
    

  • Bulk Industrial Fuels: Such as Light Diesel Oil, Furnace Oil, and Bitumen.¹⁶

    
    

• Specialty Products:

  • Petrochemicals, including benzene, propylene, and paraffin wax.¹⁷

    
    

  • Specialized products for various industries like jute, cement, and chemical manufacturing.

• Other Services:

  • The company provides technical consultancy in refinery operations, project management, and specialized training services.

  • Its R&D center focuses on developing new technologies in areas like lubricants, catalysts, renewable energy, and pipeline inspection.¹⁸

    
    

Subsidiaries and Joint Ventures

IOCL has a number of subsidiaries and joint ventures that help it expand its operations and market reach.¹⁹ Some notable examples include:

• Indian Subsidiaries:

  • Chennai Petroleum Corporation Limited (CPCL)²⁰

    
    

  • Indian Oil-CREDA Biofuels Limited

• Foreign Subsidiaries:

  • Lanka IOC PLC (Sri Lanka)²¹

    
    

  • IndianOil (Mauritius) Ltd.²²

    
    

  • IOC Middle East FZE (UAE)²³

    
    

• Joint Ventures:

  • Petronet LNG Ltd.: A major player in LNG imports and distribution.²⁴

    
    

  • IndianOil Adani Gas Pvt.²⁵ Ltd.: For city gas distribution.²⁶

    
    

  • Indian Oil-Total Pvt. Ltd.: For bitumen and LPG businesses.²⁷

    
    

  • Ratnagiri Refinery & Petrochemicals Ltd.: A joint venture with other oil companies for a refinery project in Maharashtra.²⁸

    *source: google gemini