IOC sets up new department to streamline spending Vol 7, PW 3 (23 Apr 03) News in Brief Indian Oil is revamping its internal structure: one immediate result is the creation of a new clumsy-sounding 'Department of Optimisation'.... Buy this article forRs590 $9 For a 30-article or annual subscription rates click here RelatedMV Iyer new 'interim' GAIL chairman (08 Sep 22) ONGC union upset with Amar Nath proposal (18 Nov 21) Surprise as new IOC chairman renovates office (16 Jul 20) IndianOil staff fear 'job losses' after HR memo (28 Nov 19) Indian Oil begins testing Tata Honeywell technology (17 Dec 03) Tata Honeywell helps IOC streamline crude sourcing (30 Jul 03) IOC sets up new department to streamline spending (23 Apr 03) New owner of IBP "by 15th February" (16 Jan 02) PRICE WATERHOUSE EMPLOYED BY IOC AND ONGC (31 Mar 99) MERGER: ONGC AND IOC GET ENGAGED (03 Feb 99)