Indian Oil Corporation (IOC) has signed a Memorandum of Understanding (MoU) with the National Petroleum Authority (NPA) of Ghana for providing its assistance and technical expertise in the implementation of Ghana's National LPG Promotion Policy.
The purpose of this MoU is to strengthen cooperation between the two parties in the field of petroleum, in particular LPG, in which IOC would support the NPA in the successful implementation of the Cylinder Recirculation Model (CRM) of LPG. IOC will assist Ghana’s oil regulator to develop the whole LPG value chain including licensing, legal framework, development of economics for LPG bottling plant, pricing structure, and communication strategy. The MoU also provides for administrative assistance to IOC in case it decides to participate as a commercial participant in Ghana's downstream petroleum sector.
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.
Company Name | CMP |
---|---|
Reliance Industries | 2903.00 |
Indian Oil Corp. | 171.55 |
BPCL | 609.40 |
HPCL | 490.65 |
MRPL | 251.10 |
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