Indian Oil Corp expects to complete ... The refiner plans to shut down its hydrocracker and some secondary units at the Gujarat refinery for revamp by this fiscal year-end, and the gasoline ...

Ellie Cook is a Newsweek security and defense reporter based in London, U.K. Her work focuses largely on the Russia-Ukraine war, the U.S. military, weapons systems and emerging technology.

The reported sale price of about $1 billion “looks cheap,” Wood told its clients, adding that the Burgas oil refinery has a residue hydrocracker, commissioned in 2015 following a $1.5 billion upgrade.