{"id":556507,"date":"2023-02-17T12:57:51","date_gmt":"2023-02-17T07:27:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=556507"},"modified":"2023-02-17T13:40:27","modified_gmt":"2023-02-17T08:10:27","slug":"indian-oil-disputes-adani-port-claim","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-disputes-adani-port-claim\/","title":{"rendered":"Indian Oil disputes Adani port claim"},"content":{"rendered":"<p>The muck has started to fly.<\/p>\n<p>On Thursday, Indian Oil Corporation (IOC) was forced to repudiate a claim that Adani Ports and SEZ Ltd (APSEL) had made in a presentation linked to its recent third quarter earnings announcement that the state-owned oil giant had signed a deal with the Adani group entity that contained a \u201ctake-or-pay liability\u201d for using the terminal handling facilities at the Gangavaram port to unload imports of LPG.<\/p>\n<p>A take-or-pay deal obligates buyers to pay a charge even if they decide later that they don\u2019t want the goods or they don\u2019t need to use the facility. The provisions benefit both parties by sharing risk. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The muck has started to fly. On Thursday, Indian Oil Corporation (IOC) was forced to repudiate a claim that Adani Ports and SEZ Ltd (APSEL) had made in a presentation linked to its recent third quarter earnings announcement that the state-owned oil giant had signed a deal with the Adani group entity that contained a \u201ctake-or-pay liability\u201d for using the terminal handling facilities at the Gangavaram port to unload imports of LPG. A take-or-pay deal obligates buyers to pay a charge even if they decide later that they don\u2019t want the goods or they don\u2019t need to use the facility. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-556507","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/556507","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=556507"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/556507\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=556507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=556507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=556507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}