IOC Contemplates Domestic Tanker Fleet as High Freight Costs Erode Crude Oil Discounts
Indian Oil Corporation (IOC) is reportedly contemplating for development of a larger domestic tanker fleet and expanded oil storage infrastructure as rising shipping costs erode the benefits of importing discounted crude oil. Sources say that IOC Chairman A.S. Sahney has highlighted the growing burden of crude transportation expenses, which are reducing the financial advantages of …
The post IOC Contemplates Domestic Tanker Fleet as High Freight Costs Erode Crude Oil Discounts appeared first on Indian PSU | Public Sector Undertaking News.
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