West Asia crisis: IOC to buy crude and LPG ships

New Delhi: State-owned Indian Oil Corporation plans to acquire crude oil and liquefied petroleum gas carriers of its own as disruptions to shipping around the Strait of Hormuz and soaring freight costs prompt India’s largest oil refiner to strengthen control over its energy supply chain. The company’s board has already approved the purchase of a … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS.