New Delhi, IndianOil is setting up a new crude oil pipeline system with an installed capacity of 17.5 Million Metric Tonnes per Annum (MMTPA) from Mundra in Gujarat to Panipat in Haryana with an investment of Rs 9,028 crore.
Under this project, IndianOil would also build 9 crude oil tanks of 60,000 kiloliter (KL) each at Mundra, which, apart from meeting operational requirements, would also help in enhancing crude oil storage capacity in the country. The IndianOil Board, at its meeting held on 20 December 2021, has approved the investment proposal, a company spokesperson said.
IndianOil is implementing a project for capacity expansion of Panipat refinery from 15 MMTPA to 25 MMTPA along with the installation of a polypropylene unit and catalytic dewaxing unit with targeted completion in the 2nd quarter of FY 2024-25. The new pipeline system and crude oil tank storage would help in meeting the enhanced need of crude oil requirement due to the expansion of the Panipat refinery. The crude oil pipeline project is expected to be completed in synchronization with the commissioning of Panipat refinery expansion.
IndianOil operates a network of more than 15,000 km long crude oil, petroleum product and gas pipelines and, as a pioneer in oil pipelines in the country, manages one of the world's largest oil pipeline networks. IndianOil added 337 km of additional pipeline length during the year 2020-21 and plans to continuously expand the network in line with growth in business.