{"id":432670,"date":"2021-08-27T16:13:19","date_gmt":"2021-08-27T10:43:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432670"},"modified":"2021-08-27T16:13:19","modified_gmt":"2021-08-27T10:43:19","slug":"indian-oil-expands-jv-with-malaysias-petronas-to-focus-on-lng-plants","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-expands-jv-with-malaysias-petronas-to-focus-on-lng-plants\/","title":{"rendered":"Indian Oil expands JV with Malaysia&#8217;s Petronas to focus on LNG plants"},"content":{"rendered":"<p>Indian Oil Corp  announced it was expanding its joint venture with Malaysia&#8217;s state-run Petronas to include building liquefied natural gas (LNG) terminals, fuel retailing and gas distribution.<\/p>\n<p>IOC, the country&#8217;s top fuel retailer, imports some liquefied petroleum gas (LPG) through IndianOil Petronas Pvt Ltd, its equal joint venture with the Malaysian firm.<\/p>\n<p>The state-run firm is keen to tie up with global firms, as it attempts to strengthen its grip in new cleaner energy areas such as hydrogen.<\/p>\n<p>&#8220;We are pursuing more such win-win associations with respective segment leaders to explore newer avenues of growth and gain competitive advantage in the future,&#8221; Chairman S.M. Vaidya said at the annual shareholders meet.<\/p>\n<p>IOC is investing Rs 1 lakh crore ($13.49 billion) to raise its refining capacity by 25 million tonnes a year in next 2-5 years, Vaidya said, adding his company aims to maximise yields of chemical products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corp announced it was expanding its joint venture with Malaysia&#8217;s state-run Petronas to include building liquefied natural gas (LNG) terminals, fuel retailing and gas distribution. IOC, the country&#8217;s top fuel retailer, imports some liquefied petroleum gas (LPG) through IndianOil Petronas Pvt Ltd, its equal joint venture with the Malaysian firm. The state-run firm is keen to tie up with global firms, as it attempts to strengthen its grip in new cleaner energy areas such as hydrogen. &#8220;We are pursuing more such win-win associations with respective segment leaders to explore newer avenues of growth and gain competitive advantage in [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-432670","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=432670"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432670\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}