Ministry and SCI signs MoU with BPCL, HPCL and IOCL
Ministry of Ports, Shipping and Waterways and the Ministry of Petroleum and Natural Gas, SCI has signed a Memorandum of Understanding with BPCL, HPCL, and IOCL.
Ministry signs MoU with SCI, BPCL, HPCL and IOCL
Ministry of Ports, Shipping and Waterways (MoPSW) and the Ministry of Petroleum and Natural Gas (MoPNG), the Shipping Corporation of India Ltd. (SCI) has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Ltd. (BPCL), Hindustan Petroleum Corporation Ltd. (HPCL), and Indian Oil Corporation Ltd. (IOCL).
The purpose of this collaboration is to build and operate fleet together that will support the vision of Atmanirbhar Bharat, strengthen India’s shipping capacity, and improve country’s energy security. Under this MoU, companies plans to jointly acquire, own, operate, and manage vessels. These vessels shall be used for international trade as well as coastal transport of petroleum, petroleum products, petrochemicals, and other hydrocarbon cargoes
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