Indian Oil lines up Rs 18,000 cr to raise Panipat refinery capacity – Feedback

Indian Oil Corporation, the nation’s largest oil firm, plans to invest Rs 18,000 crore to raise capacity of its Panipat refinery in Haryana to 25 million tonnes (mt) by 2020, larger than previously planned.

IOC had previously planned to raise capacity of Panipat refinery from 15 mt to 20.2 mt, but now it is looking at raising the capacity straightway to 25 mt, its Director (Refineries) Sanjiv Singh said here. “We have land at Panipat refinery site and so we are looking at going straight to 25 million tonnes,” he said. “We have to look at the capacity of the pipeline, which carries crude oil from west coast to the refinery before finalising if the capacity should be expanded to 20.2 million tonnes as planned earlier or go straight to 25 million tonnes.” IOC owns and operates 11 out of India’s 23 refineries with a combined refining capacity of 80.7 mt per annum.

http://economictimes.indiatimes.com/industry/energy/oil-gas/indian-oil-lines-up-rs-18000-cr-to-raise-panipat-refinery-capacity/articleshow/54675229.cms

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