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ExxonMobil India LNG signs MoU with IOC

15 Oct 2019 Evaluate

ExxonMobil India LNG has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOC) to further expanding its Liquefied Natural Gas (LNG) business in India. Both the companies will focus on exploring new models of delivering cost-effective natural gas in India where it is most needed to complement traditional pipelines.

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 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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