IndianOil Corp plans to boost US LPG imports by acquiring stakes in gas carriers, marking a first for Indian refiners.
IndianOil 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
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India's largest refiner, Indian Oil Corporation (IOC), is planning to acquire a 50% stake in very large gas carriers (VLGCs). The…
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