Financial Daily
from THE HINDU group of publications
Thursday, December 13, 2001
|
Financial Daily from THE HINDU group of publications Thursday, December 13, 2001 |
||
|
|
||
|
• AGRI-BUSINESS • COMMODITIES • CORPORATE • INDUSTRY • LETTERS • MACRO ECONOMY • MARKETS • NEWS • OPINION • VARIETY • INFO-TECH • CATALYST • INVESTMENT WORLD • MONEY & BANKING • LOGISTICS |
News
| Next
| Prev
IOC seeks review of pact with RPL
Our Bureau
NEW DELHI, Dec. 12
INDIAN Oil Corporation (IOC) officials on Wednesday met the Petroleum Minister, Mr Ram Naik, seeking a review of an earlier agreement under which it was to pick up the entire produce of controlled petroleum products from Reliance Petroleum Ltd from April
1, 2002, Ministry sources said.
In a meeting with Mr Naik, IOC officials said, the take or pay clause of its agreement with Reliance Petroleum should also be reviewed, creating a roadblock for the joint venture agreement.
Under an earlier agreement, IOC was committed to take the entire produce of controlled products - petrol, kerosene, liquefied petroleum gas, diesel - from Reliance Petroleum once the administered pricing mechanism is removed from the proposed date
of April 1, 2002.
|
|
|
Comment on this article to BLFeedback@thehindu.co.in
Send this article to Friends by E-Mail
Next: ONGC well not yet capped Prev: `FDI in townships less than 100 acres likely' News Agri-Business | Commodities | Corporate | Industry | Letters | Macro Economy | Markets | News | Opinion | Variety | Info-Tech | Catalyst | Investment World | Money & Banking | Logistics | Copyright © 2001 The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line. |