Other allowances/benefits also include HRA/subsidized housing (depending on place of secondment), medical facilities, performance-related benefits, gratuities, contributory pension funds, employees` pension scheme, group accident insurance, holiday exchange, holiday travel concession (LTC)/LFA, contributory pension insurance funds, repayment of promotion advances/alimony, performance-related incentives (PRPs), etc. according to company rules. Candidates wishing to apply for IOCL recruitment as engineers must have passed the qualifying exams and obtained a bachelor`s degree in engineering/technology (regular full-time courses only). In accordance with the Indian Information Technology Act 2000 and the rules set out therein, the contact details of the Complaints Commissioner are set out below: IndianOil accepts no responsibility for any damage to the user`s computer system or loss of data resulting from the downloading of content, material and information from the Site. The following conditions are deemed to have been accepted by the user when using the www.iocl.com website. Please read them carefully before using the services of this site. Candidates selected as engineers at IOCL may be employed in one of Indian Oil`s departments – refining, marketing, pipelines and business development, or in corporate functions, such as information systems, optimization, or in subsidiaries/joint ventures. In no event shall IndianOil be liable for any damages of any kind, including, but not limited to, direct, incidental or consequential damages (including, but not limited to, damages for loss of profits, business interruption, and loss of programs or information) arising out of the use of or inability to use IndianOil`s website or the information provided on the site. or claims in the Products resulting from errors, omissions or other inaccuracies in the Product or its interpretations. Some jurisdictions do not allow the limitation or exclusion of liability. As a result, some of the above restrictions may not apply to the user. The full form of IOCL is Indian Oil Corporation Limited ndianOil may terminate user access at any time for any reason. The provisions relating to disclaimer of warranties, accuracy of information and indemnification continue to apply even after termination.
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IndianOil disclaims all warranties as to the accuracy, completeness or suitability of this information. IndianOil makes no warranties, express or implied, including, but not limited to, merchantability and fitness for a particular purpose, with respect to the information, data, statements or products provided on the Site. Prior authorization is required before hyperlinks from a website/portal are directed to that website. Authorization for these, indicating the type of content on the pages from which the link is to be provided and the exact language of the hyperlink, must be obtained by sending a request to our registered office. Please visit the contact page of our website for more information. Indian Oil Corporation Ltd (IOCL) is India`s flagship national oil company with commercial interests covering the entire hydrocarbon value chain – from refining, pipeline transportation and petroleum product marketing to exploration and production of crude oil, natural gas and petrochemicals. The company is the leading Indian company in the Fortune Global 500 list, which ranks 168th for 2017. IOCL is a public sector company. The Government of India held a 56.98% interest in IOCL as of December 31, 2017. The brand portfolio includes Indane LPGa`s SERVO XTRAPREMIUM Gasoline and XTRAMILE Diesel lubricants as well as Propel Petrochemicals.
In exploration and production, Indian Oil`s domestic portfolio includes 11 oil and gas blocks and two coalbed methane blocks, while the foreign portfolio includes 10 blocks spread across Libya, Iran, Gabon, Nigeria, Timor-Leste, Yemen and Venezuela. Indian Oil Corporation Ltd. was established in 1959 as Indian Oil Company Ltd. In 1964, Indian Refineries Ltd merged with Indian Oil Corporation Ltd. Indian Oil Blending Ltd, a wholly-owned subsidiary, merged with Indian Oil in May 2006. The Company transferred its entire interest in Indian Strategic Petroleum Reserves Ltd (ISPRL) to the Oil Industry Development Board, a government agency under the Ministry of Petroleum and Natural Gas. As a result, ISPRL ceased to be a wholly-owned subsidiary in May 2006. The company has established a subsidiary called IOC Middle East FZE in the Jebel Ali Free Trade Zone in Dubai with the aim of marketing lubricants and other petroleum products in the Middle East, Africa and CIS regions. In June 2006, they formed a joint venture called Indo-Cat Pvt Ltd with Intercat.Inc of the United States for the production and marketing of FCC catalysts and additives. In 2007, the company received numerous Oil Industry Safety Directorate Awards «Most Admired Retailer of the Year», «CIO 100 Award 2007» SAP ACE – Awards for Customer Excellence and the only oil company as «The Most Trusted Brand» in ET Brand Equity`s annual survey. SERVO receives prestigious global approvals from MAN Indian Oil`s R&D center receives special recognition for bioremediation and SERVO achieves its entry into the NSF White Book – H1 category during the period. The company won the Retailer of the Year award – Rural Impact and its XtraPower won the loyalty summit award throughout the year 2008.In January 2008, the company and Hindustan Unilever Ltd (HUL) signed a letter of intent to establish Kwality Walls kiosks at select Indian Oil petrol stations across the country.
In addition, the company has signed a Memorandum of Understanding with Transparency International India (TII) to implement an integrity pact program focused on improving the transparency of commercial transaction agreements and procurement processes. In April 2008, the company opened the «LNG at Doorstep» facility at H&R Johnson`s pen unit, the first facility of its kind in the country, primarily designed to meet the needs of non-major pipeline liquefied natural gas (LNG) customers. The company has been granted Maharatna status by the Indian government, giving it greater autonomy and flexibility in its operations. In 2009-10, the company launched 238 new retail stores and 414 Kisan Seva Kendra (KSK) stores, bringing the total to 18643. The company`s Indane LPG brand has been awarded coveted «Superbrand» status. Inspired by KSK, the Rajiv Gandhi Grameen LPG Vitarak Yojana was introduced to penetrate rural markets.