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IOC to reach $60 b turnover by 2011-12

NEW DELHI: The Indian Oil Corporation (IOC) plans to touch a turnover of $60 billion by 2011-12, when its oil refining capacity will nearly double to 80 million tonnes. This was disclosed here by IOC Chairman Sarthak Behuria while presenting a dividend cheque of Rs. 1,197.60 crore for 2005-06 to Petroleum Minister Murli Deora.

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