Indian Oil Corporation (IOC) is reportedly aiming to explore overseas markets for its lubricant business by increasing its presence in 27 countries currently to about 50 countries in the next decade. The company is mainly looking to explore markets in the North America and Canada region.
Indian Oil Corporation 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.