Indian Oil Refinery (IOCL) Bitumen Price

The Indian Oil Company (IOCL) is the largest oil company in India, with 87% owned by the government. IOCL owns 11 of the 23 refineries in India. Due to the number of refineries and various refining processes in IOCL, the company is an important competitor for both BPCL and HPCL. IOCL refineries and their productions are: • Barauni Refinery (Products: Carbon Black Feedstock (CBFS), Raw Petroleum Coke (RPC), Sulphur) • Bongaigaon Refinery • CPCL, Chennai • CPCL, Narimanam • Digboi Refinery (Product: Paraffin Wax) • Guwahati Refinery (Product: Raw Petroleum Coke (RPC)) • Haldia Refinery (Products: CBFS, Jute Batching Oil (JBO), Micro Crystalline Wax (MCW), Mineral Turpentine Oil (MTO), Sulphur) • Koyali Refinery (Products: LABFS, Mineral Turpentine Oil (MTO), Sulphur, Toluene) • Mathura Refinery (Products: Propylene, Sulphur) • Panipat Refinery (Products: Benzene, Mineral Turpentine Oil (MTO), Petcoke, Sulphur) • Paradip Refinery IOCL business is defined in 7 sections: • Refineries Division • Pipelines Division • Marketing Division • R&D Division • Petrochemicals Division • Exploration & Production (E&P) Division • Explosives and Cryogenics Division