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IOC to invest $4 billion in British Columbia province to source liquefied natural gas

16 Oct 2014 Evaluate

In a bid to source liquefied natural gas from Canada, Indian Oil Corporation (IOC) is planning to invest $4 billion in the British Columbia province, Canada. The Canadian asset will produce as much as 19.68 million tonnes of LNG a year for 25 years starting in 2018.

Earlier in May this year, IOC signed a deal to buy 10% stake in shale-gas assets and a linked liquefied natural gas (LNG) project in British Columbia.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

 

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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