Briefly Noted


Indian Oil Corp. plans to build a technology development center that will house four centers of excellence, focusing on alternative and renewable energy, nanotechnology, synthetic biology and corrosion research.  The new campus, on a 60-acre plot at a cost of Rs 2,200 crore (22 billion Indian rupees or U.S. $294 million), will extend the company’s R&D Center that was set up in Faridabad, India, in 1972 to establish capabilities in production of lubricating oils.  Chevron Australia Downstream Pty Ltd. completed the AU$425 million (U.S. $294 million) acquisition of Puma Energy (Australia) Holdings Pty Ltd., a fuel and lubricants distributor and service station chain.

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