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Indian Oil Corp Eyes Sour Crude from Spot Market
Indian Oil Corporation (IOC), the largest oil refiner in India by capacity, is actively seeking to procure high-sulphur crude oil through spot tenders. This marks the company's first initiative to import sour crude oil since March 2022, according to insights shared by trade sources on Thursday. Sour crude, known for its higher sulphur content, is commonly used by complex refineries capable of processing such grades efficiently. In addition to the sour crude tender, IOC has also floated a separate tender for sweet crude oil, a variety with lower sulphur content that typically requires less int..
Indian Carmakers Gear up for EV Push in 2025 Despite Global Slowdown
Automakers in India are preparing to launch nearly a dozen new electric car models this year, many targeting the premium market. These vehicles are expected to feature extended driving ranges and faster charging capabilities, aimed at attracting consumers amid a global slowdown in demand for electric vehicles (EVs). Electric cars are set to dominate India's five-day auto show in New Delhi starting Friday. The event will showcase models from Vietnamese newcomer VinFast, alongside domestic players such as Maruti Suzuki and Mahindra & Mahindra, as well as international competitors including BYD,..
Welspun Partners with Saudi Aramco to Establish Manufacturing Facility
Welspun Corp announced that it had entered into an agreement with Saudi Aramco to set up a Longitudinal Submerged Arc Welded (LSAW) line pipe manufacturing facility in Saudi Arabia. According to the company, the facility, situated in Dammam 3rd Industrial City, will have an annual production capacity of 350,000 MT and is anticipated to begin operations by mid-2026. The company highlighted its long-standing partnership with Saudi Aramco, spanning nearly two decades, during which it has contributed to numerous oil and gas pipeline projects within the Kingdom. In a statement, Welspun Corp menti..
