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The Economic Times
The Economic Times

India's top refiner IOCL scouts stakes in gas carriers as it plans higher US imports

IOC India United States Indian Oil Corp Oil Petroleum

NEW DELHI - India's top refiner, ​Indian Oil Corp (IOC), is ​looking to acquire a 50% stake in very ​large gas carriers (VLGCs), according to a tender document, as it prepares to increase imports of liquefied petroleum gas (LPG) from the United ‌States.

IOC would ⁠be ⁠the first Indian refiner seeking ownership of VLGCs. The company currently ​relies mainly on time-chartered LPG and crude tankers.

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