NRL signs MoU with Paradip Port & IOC for Import of Crude Oil from Paradip Port

Posted by Daily Shipping Times on 18-04-2017        Tweet

PARADIP : In a bid to ensure hassle-free transportation of crude oil through underground pipeline to north eastern states, Numaligarh Refinery Limited (NRL) today 16 April ‘17 signed a Memorandum of Understanding (MoU) with Paradip Port Trust and Indian Oil Corporation (IOCL).

Nestled along the sylvan environs of the Brahmaputra valley, the annual capacity of public sector undertaking Numaligarh Refinery Limited (NRL) in the district of Golaghat in Assam would be enhanced from the existing 3 MMTPA to 9 MMTPA.

The tripartite MoU was signed between Chairman Paradip Port Trust Mr. Rinkesh Roy, Director (Technical) NRL Mr. B.J Phukan and ED (Pipelines) IOCL Mr. A. K Tiwari.

The union Minister for Road Transport, Highways and Shipping Mr. Nitin Gadkari; Minister of for Petroleum and Natural Gas, Mr. Dharmendra Pradhan; Finance, Health, Education and Planning Minister, Govt. of Assam Mr. H B Sarma; Commerce and Industry Minister, Govt. of Assam, Mr. C M Patowary; NRL MD Mr.P.Padmanabhan; Director (Pipelines) IOCL Mr. Aneesh Agarwal amongst others graced the occasion.

Under NRL’s proposed Refinery Expansion Project, a 28 Inch Diameter 1400 Km long Crude Oil Pipeline of 1 MMTPA capacity will be laid for transporting 6.0 MMTPA of imported crude oil from Paradip Port in Odisha to Numaligarh in Assam.

The MoU provides for utilizing IOCL’s spare capacity of existing SPMs (Single Point Mooring) at Paradip. Paradip Port Trust 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.