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IOC by Aparna Singh is a document available to read on EtoBox.

What is IOC about?

The Indian Oil Corporation (IOC) planned to acquire a stake in the Balal Oil field in Iran in 1998 when oil prices were low. However, approval from the Indian government took over a year, and by the time approval was granted in 1999, oil prices had risen and the French company Elf had acquired the deal. The key lessons are that decision making processes need to be faster to seize opportunities, the future needs to be planned for, time limits should be set for decisions, and a separate committee is needed to

Author

Aparna Singh

Language

EN