Numaligarh Refinery to import crude oil via Paradip port

The imports are meant for catering to NRL's capacity expansion

Oil, petrol
A worker walks atop a tanker wagon to check the freight level at an oil terminal on the outskirts of Kolkata. <b>Photo: Reuters</b>
Jayajit Dash Bhubaneswar
Last Updated : Apr 16 2017 | 4:44 PM IST
Numaligarh Refinery Ltd (NRL) today signed a memorandum of understanding (MoU) with Paradip Port Trust (PPT) and Indian Oil Corporation Ltd (IOCL) for imports of crude oil through the major port.

The crude oil imports are meant for catering to NRL’s capacity expansion wherein it is augmenting capacity of its refinery at Numaligarh (Assam) to nine million tonne per annum, from three mtpa now.

Under NRL’s proposed refinery expansion project, a 28-inch diameter, 1400-km crude oil pipeline of one mtpa capacity will be laid for transporting six mtpa of imported crude oil from Paradip Port in Odisha to Numaligarh in Assam. The MoU provides for utilising IOCL’s spare capacity of existing SPMs (Single Point Mooring) at Paradip. PPT 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 Odisha and generate direct and indirect employment.

The tripartiate MoU was signed between chairman of Paradip Port Trust Rinkesh Roy, director (technical) at NRL B J Phukan and executive director (pipelines) of IOCL A K Tiwari in the presence of Union minister for road transport, highways and shipping Nitin Gadkari and minister of state for petroleum & natural gas Dharmendra Pradhan.

NRL is a joint venture between Bharat Petroleum Corporation Ltd (BPCL), Oil India Ltd and the Assam government.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story