Indian Oil Corp had earlier announced plans to set up a 15 mln ton integrated refinery-cum-petrochemicals complex at Ceyhan, Turkey at an investment of US$6 bln. IOC has decided to set aside plans of establishing an oil refinery in Turkey as it does not intend to sink in all its funds in one single project.
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Monday, June 21, 2010
IOC sets aside plans of an oil refinery in Turkey; to focus on acquiring overseas hydrocarbon asset
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