IndianOil to help Numaligarh Refinery to build a crude oil pipeline

Numaligarh Refinery plans to utilise IndianOil’s single point mooring system for import of crude oil for the proposed expansion of its refinery

GN Bureau | April 20, 2017


#CPSE   #PSU   #IndianOil   #IOCL  

IndianOil Corporation Limited  has signed an agreement with Numaligarh Refinery Limited (NRL) and Paradip Port Trust to help the NRL build a crude oil pipeline from Paradip Port (Odisha) to Numaligarh (Assam). 
 
The NRL is putting efforts to expand its refining capacity from current three million metric tonnes per annum (MMTPA) to nine MMTPA. The proposed crude pipeline from Paradip to Numaligarh is part NRL’s expansion plan. 
 
IndianOil, a Maharatna enterprise, possesses a modern crude oil unloading system through Single Point Mooring (SPM) system at Paradip Port to meet crude oil requirements of its refineries at Paradip, Haldia, Barauini and Bongaigaon. 
 
NRL is interesting in utilising the existing SPM system of IndianOil for import of crude oil for the proposed expansion of its refinery at Numaligarh. 
 
Union minister of state for petroleum and natural gas Dharmendra Pradhan commended Indian Oil for securing the oil demand of north eastern states through the Paradip Haldia Barauni, Guwahati Siliguri Pipelines. “The centre is contemplating to expand the capacity of the port at Paradip and set up a crude oil terminal to be used to meet oil requirement of east Asia,” he said. 
 
Ministry of road transport and highways Nitin Gadkari said the centre is mulling to make Paradip as the growth engine not only for the development of Odisha but for the entire North Eastern states. He said around Rs 7,000 crore would be invested in the project out of which Rs 1,000 crore would be invested in Paradip. Similarly, investment would also be made in Assam.
 

Comments

 

Other News

How much time do you spend talking on phone?

How much time do Indians spend talking on phone? It is on average 761 minutes per month, according to a new report from the Telecom Regulatory Authority of India (TRAI). The telecom regulator released its report, titled ‘The Indian Telecom Services Performance Indicators: July-Septemb

“Developing public health infrastructure key to sustainable healthcare for all”

Renowned cardiologist Dr Ramakanta Panda has said that the pandemic has exposed the inadequacy of existing healthcare systems and it is wrong to draw comparisons with Korea, a country with the population equal to that of a single Indian state. While speaking to Kailashnath Adhikari, MD, Gove

SC-appointed panel on farm laws holds first meet

The committee of experts appointed by the supreme court to deliberate with the stakeholders on the new farm laws held its first meeting here Tuesday, with one of its members saying that all stakeholders, including individual farmers, will be heard. Hearing a petition on the farm laws enacted

India’s glitch-free vaccination gathers pace

The nationwide vaccination campaign launched Saturday, the largest such exercise in the world, has started setting new benchmarks, with vaccines administered to 2,24,301 beneficiaries in the first two days. “India has vaccinated the highest number of persons on Day1 under its COVID19 v

Maharashtra to spend Rs 2,500 crore to augment, develop power infrastructure

The Maharashtra government has announced a spending of Rs 2,500 crore annually to develop infrastructure of state-owned distribution company Mahavitaran (MSEDCL).   Out of the total amount, Rs 1,500 crore will be spent on energisation of conventional agriculture pumps and Rs 1,000 crore

Launched: Largest vaccination drive in history

India on Saturday began the massive vaccination drive against Covid-19, as prime minister Narendra Modi paid tributes the ‘corona warriors’. “Such a vaccination drive at such a massive scale was never conducted in history. There are over 100 countries having less than 3 cro

Masterminds: Masterclass on World Affair with Sreeram Chaulia





Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter