{"id":536699,"date":"2022-11-18T10:49:08","date_gmt":"2022-11-18T05:19:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=536699"},"modified":"2022-11-18T10:49:08","modified_gmt":"2022-11-18T05:19:08","slug":"oiltanking-deal-to-help-adani-play-bigger-role","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oiltanking-deal-to-help-adani-play-bigger-role\/","title":{"rendered":"Oiltanking deal to help Adani play bigger role"},"content":{"rendered":"<p>Adani Ports and Special Economic Zone&#8217;s (APSEZ) acquisition of a 49% stake in Indian Oiltanking last week will expand the Adani arm&#8217;s storage and transportation capacities for petroleum products and possibly set the stage for a foray into oil exports, through the joint venture company.<\/p>\n<p>Indian Oiltanking was an equal joint venture between Indian Oil Corporation (IOCL) and Oiltanking GmbH, Germany, formed in 1996 to provide storage and logistics solutions for crude oil and petroleum products. On November 9, APSEZ, the flagship transportation arm of Adani group and India&#8217;s largest private ports and logistics company, bought Oiltanking&#8217;s 49.3% stake in the joint venture for \u20b91,050 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Ports and Special Economic Zone&#8217;s (APSEZ) acquisition of a 49% stake in Indian Oiltanking last week will expand the Adani arm&#8217;s storage and transportation capacities for petroleum products and possibly set the stage for a foray into oil exports, through the joint venture company. Indian Oiltanking was an equal joint venture between Indian Oil Corporation (IOCL) and Oiltanking GmbH, Germany, formed in 1996 to provide storage and logistics solutions for crude oil and petroleum products. On November 9, APSEZ, the flagship transportation arm of Adani group and India&#8217;s largest private ports and logistics company, bought Oiltanking&#8217;s 49.3% stake 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":[130,191,136],"tags":[],"class_list":["post-536699","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536699","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=536699"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536699\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=536699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=536699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=536699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}