Indian Oil Culture

Topics: Petroleum, Oil refinery, Indian Oil Corporation Pages: 21 (5618 words) Published: August 4, 2013
INTRODUCTION:-

IndianOil is India's flagship national oil company with business interests straddling the entire hydrocarbon value chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas and petrochemicals. It is the leading Indian corporate in the Fortune 'Global 500' listing, ranked at the 83rd position in the year 2012.  With over 34,233-strong workforce, IndianOil has been helping to meet India’s energy demands for over half a century. With a corporate vision to be the Energy of India, IndianOil closed the year 2011-12 with a sales turnover of Rs. 4,09,957 crore ($ 85,550 million) and profits of Rs. 3,955 crore ($ 825 million).  At IndianOil, operations are strategically structured along business verticals - Refineries, Pipelines, Marketing, R&D Centre and Business Development – E&P, Petrochemicals and Natural Gas. To achieve the next level of growth, IndianOil is currently forging ahead on a well laid-out road map through vertical integration— upstream into oil exploration & production (E&P) and downstream into petrochemicals – and diversification into natural gas marketing and alternative energy, besides globalisation of its downstream operations. Having set up subsidiaries in Sri Lanka, Mauritius and the United Arab Emirates (UAE), IndianOil is simultaneously scouting for new business opportunities in the energy markets of Asia and Africa.Indian oil’s joint ventures:Indian Oil Bhavan, New Delhi. * IndianOil (Mauritius) Ltd. * Lanka IOC PLC – Group company for retail and storage operations in Sri Lanka. It is listed in the Colombo Stock Exchange. It was locked into a bitter subsidy payment dispute with Sri Lanka's Government which has since been resolved * IOC Middle East FZE * Chennai Petroleum Corporation Limited * Green Gas Ltd. – a joint venture with Gas Authority of India Ltd. for city-wide gas distribution networks. * Indo Cat Pvt. Ltd., with Intercat, USA, for manufacturing 15,000 tonnes per annum of FCC (fluidised catalytic cracking) catalysts & additives in India. * IndianOil – CREDA Biofuels Ltd., a joint venture with Chattisgarh government for production and marketing of Bio-fuels. * Numerous exploration and production ventures with Oil India Ltd., Oil and Natural Gas CorporationHistory:IndianOil began operation in 1959 as Indian Oil Company Ltd. The Indian Oil Corporation was formed in 1964, with the merger of Indian Refineries Ltd.| Reach and Network|

IndianOil and its subsidiary (CPCL) account for over 49% petroleum products market share, 31% national refining capacity and 71% downstream sector pipelines capacity in India.|
The IndianOil Group of companies owns and operates 10 of India's 22 refineries with a combined refining capacity of 65.7 million metric tonnes per annum (MMTPA, .i.e. 1.30 million barrels per day approx.). IndianOil's cross-country network of crude oil and product pipelines spans 10,909 km with a capacity of 75.55 MMTPA of crude oil and petroleum products and 10 MMSCMD of gas. This network is the largest in the country and meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner.| It has a portfolio of powerful and much-loved energy brands that includes Indane LPGas, SERVO lubricants, XtraPremium petrol, XtraMile diesel, PROPEL & petrochemicals, etc. Validating the trust of 66.8 million households, Indane has earned the coveted status of 'Superbrand' in the year 2009.| IndianOil has a keen customer focus and a formidable network of customer touch-points dotting the landscape across urban and rural India. It has 20,575 petrol and diesel stations, including 4,225 Kisan Seva Kendras (KSKs) in the rural markets. With a countrywide network of over 38,000 sales points, backed for supplies by 139 bulk storage terminals and depots, 3,960 SKO/LDO dealers (60% of the industry), 96...
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