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Numaligarh Refinery signs MoU to import crude oil via Paradip port

IANS  |  Bhubaneswar 

Numaligarh Refinery Ltd (NRL) on Sunday signed an MoU with Paradip Port and Indian Corporation for import of through Odisha's Paradip Port, an official statement said.

This will enable the NRL to import through Paradip Port for its proposed refinery expansion at Numaligarh (Assam) from three million tonne per annum to nine million tonne per annum.

The tripartiate MoU was signed between Paradip Port Chairman Rinkesh Roy, NRL's Director (Technical) B.J. Phukan and Indian Oil Corp's Executive Director (Pipelines) A.K. Tiwari in the presence of Union Shipping Minister Nitin Gadkari and Petroleum Minister Dharmendra Pradhan, it said.

"Under this MoU, a Terminal will be established at Paradip with an est investment of Rs 1000Cr & will generate employment in Odisha," tweeted Pradhan.

Under NRL's proposed refinery expansion project, a 28-inch diameter, 1,400-km crude oil pipeline of one mtpa capacity will be laid for transporting six mtpa of imported crude oil from Paradip to Numaligarh.

The MoU provides for utilising IOCL's spare capacity of existing SPMs (Single Point Mooring) at Paradip. Paradip Port will extend land space for installation of crude storage tanks, pump house and township at Paradip.

This will lead to an estimated investment of Rs. 1,000 crore in and generate direct and indirect employment, said the statement.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, April 16 2017. 19:18 IST