You are currently viewing: News



19-04-2017

Indian Oil Corporation inks MoU with Numaligarh refinery and Paradip port

Indian Oil Corporation Limited entered into an MoU with Numaligarh Refinery Limited and Paradip Port Trust in a glittering ceremony at Bhubaneswar in presence of Shri Nitin Gadkari, Honourable Minister for Road Transport, Highways & Shipping, Shri Dharmendra Pradhan, Honourable Minister of State (I/C) for Petroleum and Natural Gas, Dr. Himanta Biswa Sarma, Finance Minister, Govt. of Assam, Shri Chandra Mohan Patowary, Commerce & Industry Minister, Govt. of Assam, Shri Anish Aggarwal Director (Pipelines), Chairman Paradip Port Trust (PPT), MD Numaligarh Refinery Ltd.

Numaligarh Refinery Limited has planned to expand the refining capacity of its refinery from 3 MMTPA to 9 MMTPA. Under the expansion plan, a crude oil pipeline from Paradip Port in Odisha to Numaligarh in Assam is proposed.

IndianOil is having a state of the art crude oil unloading system through Single Point Mooring System at Paradip Port to meet crude oil requirements of its refineries at Paradip, Haldia, Barauini and Bongaigaon. NRL has expressed their interest to explore the possibility of utilizing the existing SPM System of IOCL 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 louded the efforts of Indian Oil for securing the oil demand of North Eastern states through the Paradip Haldia Barauni, Guwahati Siliguri Pipelines. He said that the Centre is planning 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.

Speaking on the occasion Mr Gadkari said the Union government has planned 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 huge Investment would also be made in Assam.

On their arrival the hon'ble ministers were welcomed by Shri Anish Aggarwal, Director (Pipelines), Shri A.K.Tiwari, ED(Operations), Shri P.C.Choubey, ED SERPL, Shri S.Ganguly, GM ( Systems) and other senior IOC officials.

The tripartiate MoU was signed between ED (Operations) Pipelines Shri A.K. Tewari, Paradip Port Trust Chairman Shri Rinkesh Roy, NRL Director (Technical) Shri B.J. Phukan.
Sponsor : 

Other News Items

Chevron Lummus Global announces four new technology licenses in China

Chevron Lummus Global (CLG) today announced it has been awarded the license, engineering design and catalyst supply for a grassroots integrated refining and petrochemical ...

26-06-2017

Dangote selects hydrogen production technology from Air Liquide Engineering & Construction

Air Liquide Engineering & Construction has been selected to supply two hydrogen production steam methane reformer (SMR) units to Dangote Group, the largest manufacturing ...

22-06-2017

CB&I awarded contract for ethane cracking furnace expansion project

CB&I today announced it has been awarded a contract valued at approximately $40 million by E. I. du Pont de Nemours and Company (DuPont) to provide ...

22-06-2017

Ametek completes acquisition of Modcon Inc

AMETEK, Inc today announced that it has completed its acquisition of MOCON, Inc. for $30 per share in cash per fully diluted common share, or approximately $182 million ...

22-06-2017

Emerson expands Plantweb digital ecosystem with new dual mode wireless gateway

With more than 10 years of wireless infrastructure and technology development experience, Emerson today announced a new dual-mode wireless gateway which supports both ...

21-06-2017

Braskem approves construction of new polypropylene production facility in La Porte

The Board of Directors of Braskem, the largest producer of thermoplastic resins in the Americas, has announced the approval of a $675 million investment for the construction ...

21-06-2017

S-Oil Corporation adopts Axxim™ software package from Lloyd’s Register

Lloyd’s Register, the leading provider of engineering and technology centric professional services, is awarded a new contract from S-Oil Corporation covering the ...

20-06-2017

CB&I announces record production rates at propane dehydrogenation plant

CB&I and SK Advanced Co. Ltd are celebrating the record production rates and outstanding operation of a propane dehydrogenation (PDH) plant in Seoul, South Korea. ...

19-06-2017

YANOS refinery commissions new Group III-quality base oil production facility

A new facility for production of Group III-quality base oils has been commissioned at the JSC Slavneft-YANOS refinery, part of OAO NGK Slavneft, a joint ...

15-06-2017

Keyera partnership signs sour gas processing plant agreement with Jacobs

Jacobs Engineering Group Inc, has signed an engineering services agreement with Keyera Partnership, which operates one of the largest independent midstream energy ...

14-06-2017