(EnergyAsia, September 27, Friday) — Indian Oil Corp (IOC) plans to invest Rs432.5 billion to expand its refining capacity to 80 million tonnes by 2012, said chairman Sarthak Behuria. (US$1=Rs40).The company has set its sights on becoming an oil products exporter to Asia. It will also increase profits by raising the processing of cheaper high-sulphur…