IOCL has major expansion plans - The New Indian Express

IOCL has major expansion plans

Published: 08th December 2012 02:17 PM

Last Updated: 08th December 2012 02:17 PM

Indian Oil Corporation Ltd (IOCL) is implementing two multi-purpose pipeline  projects originating from Paradip, the 1,065-km Paradip-Raipur-Ranchi product pipeline at the cost of Rs  1,793 crore and 710-km Paradip-Haldia-Durgapur LPG pipeline at a cost of Rs  913 crore, said Executive Director, Eastern Region, Pipelines, HS Pati here on Thursday.

Besides, survey has been conducted to set up another multi-purpose pipeline project from Paradip to Hyderabad to transport production oil very soon, Pati informed mediapersons.

 The company has ambitious plans to expand its pipeline network across the country by more than 10,000 km in the coming years. The capacity of the pipeline network would increase by 50 million metric tonnes per annum. IOCL has also planned to set up another two Single Point Mooring (SPM) systems at Paradip at a cost of ` 1,493 crore to meet the enhanced crude oil requirement of Haldia, Barauni and Bongaigaon refineries as well as that of the upcoming Paradip refinery,” he added.

 He also said “these SPMs are expected to be commissioned this financial year. IOCL also has plans to set up pump stations in Balasore at ` 586 crore to augment the capacity of pumping from 11 MMTPA to 15.2 MMTPA,” he added.

 IOCL owns and operates Paradip-Haldia-Barauni pipeline which has its originating station at Paradip. IOCL’s crude oil unloading facility at Paradip _ SPM system _ can handle tankers like Very Large Crude Carriers (VLCCs) which can carry about 3,20,000 kilo litres in a single voyage as compared to Haldia.

 Paradip receives imported crude oil from Persian Gulf, West Africa and Far East.

 Deputy General Manager, Paradip-Haldia-Barauni pipeline, MVC Sati has said the company endeavours to work with the local people to achieve harmonious growth with participation of majority stakeholders.

Meanwhile, IOCL has organised a ‘painting seminar’ at Paradip on Friday. General Manager, Paradip-Raipur-Ranchi pipeline, AS Malik and  representatives of IOCL units participated.

From Around the Web