Indian Oil to monetise pipeline assets
Indian Oil Corporation Ltd (IOC) is considering the sale of stakes in a few of its network of crude oil and petroleum product pipelines as part of an asset monetization plan, Sandeep Kumar Gupta, director in-charge of finance of the state-run refiner and marketer, said on Tuesday.
IOC, however, would not relinquish its control of these businesses, he said.
Finance minister Nirmala Sitharaman in the Union budget on Monday announced the monetization of oil and gas pipeline assets of IOC, gas utility GAIL (India) Ltd, and Hindustan Petroleum Corporation Ltd.
