(EnergyAsia, November 27, Tuesday) — State-owned Indian Oil Corporation (IOC) said it will soon reduce its oil stockpile levels to around 10 days of use from 15 days now as it seeks to cut down operating cost. It expects to save Rs7.5 billion a day from the move.The company faces a liquidity crunch as a…
INDIA: IndianOil Corp to reduce oil stockpile to keep cost down
Posted on November 26, 2007 by EnergyAsia