Indian Oil Corp Ltd. (IOC) to invest Rs2.05bn on expanding its Mundra-Panipat crude oil pipeline
The 1,174-km pipeline will meet the additional crude oil demand of Panipat refinery, whose capacity has recently been expanded from 6 to 12 MMTPA
Indian Oil Corp Ltd. (IOC) will invest Rs2.05bn on expanding its Mundra-Panipat crude oil pipeline to 9mn tons per annum (MTPA) from the current 6 MTPA for transporting an additional 3mn tons of crude for the Panipat refinery.
The 1,174-km pipeline will meet the additional crude oil demand of Panipat refinery, whose capacity has recently been expanded from 6 to 12 MMTPA, and is currently under expansion from 12 to 15 MTPA.
The Rs2.05bn project will be completed by the end of 2008 to synchronise with the commissioning of Panipat refinery expansion. IOC is also setting up four additional crude oil storage tanks of 60,000 kl capacity each at Mundra at a cost of Rs 700mn to handle both heavy-sour and light-sweet crude oils.
On Friday, IOC Chairman Sarthak Behuria inaugurated the company's Rs3bn Mundra-Panipat pipeline. The pipeline will transport crude from the west coast to the Panipat refinery using Gujarat Adani Port's Single Point Mooring (SPM) offshore crude oil terminal facilities and associated offshore and onshore pipelines.
With this, IOC now has the flexibility of handling imported crude oil at both Vadinar and Mundra in the Gulf of Kutch. IOC's existing 21 MTPA Salaya-Mathura crude pipeline is already transporting imported oil from Vadinar to its three major refineries in Koyali, Mathura and Panipat.
Indian Oil Corp Ltd. (IOC) will invest Rs2.05bn on expanding its Mundra-Panipat crude oil pipeline to 9mn tons per annum (MTPA) from the current 6 MTPA for transporting an additional 3mn tons of crude for the Panipat refinery.
The 1,174-km pipeline will meet the additional crude oil demand of Panipat refinery, whose capacity has recently been expanded from 6 to 12 MMTPA, and is currently under expansion from 12 to 15 MTPA.
The Rs2.05bn project will be completed by the end of 2008 to synchronise with the commissioning of Panipat refinery expansion. IOC is also setting up four additional crude oil storage tanks of 60,000 kl capacity each at Mundra at a cost of Rs 700mn to handle both heavy-sour and light-sweet crude oils.
On Friday, IOC Chairman Sarthak Behuria inaugurated the company's Rs3bn Mundra-Panipat pipeline. The pipeline will transport crude from the west coast to the Panipat refinery using Gujarat Adani Port's Single Point Mooring (SPM) offshore crude oil terminal facilities and associated offshore and onshore pipelines.
With this, IOC now has the flexibility of handling imported crude oil at both Vadinar and Mundra in the Gulf of Kutch. IOC's existing 21 MTPA Salaya-Mathura crude pipeline is already transporting imported oil from Vadinar to its three major refineries in Koyali, Mathura and Panipat.