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ExxonMobil inks letter of cooperation with IOC, Chart Energy

25 Feb 2020 Evaluate

ExxonMobil India LNG has inked a Letter of Cooperation with Indian Oil Corporation (IOC) and Chart Energy & Chemicals, Inc, to establish a system of transportation infrastructure to expand gas access in India. The companies will implement a gas infrastructure initiative that leverages LNG ISO intermodal containers to move gas as a reliable, cleaner and cost-effective fuel.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydro carbon 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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