News Release Details

Indian Oil Corporation inks MoU with NRL & PPT
New Delhi 19-Apr-2017

On 16.04.2017 , 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.

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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
IndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
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