Indian Oil Corporation Limited (IOCL), an Indian Government-owned integrated oil company plans to invest ₹ 9,028 crore for laying a new crude oil pipeline from Mundra in Gujarat to Panipat in Haryana.
On 20th December 2021, the Board of Indian Oil gave its approval for an investment proposal of new crude oil pipeline system of 17.5 MMTPA capacity from Mundra to Panipat.
Under this project, Indian Oil shall also build 9 crude oil tanks of 60,000 Kilo liters capacity each at Mundra. Apart from meeting operational requirements, these crude oil tanks would help in enhancing crude oil storage capacity.
Purpose of Indian Oil’s New Mundra-Panipat Oil Pipeline System
This Mundra-Panipat pipeline project will help to meet the enhanced crude oil requirement arising out of capacity expansion of Panipat refinery from 15 MMTPA to 25 MMTPA.
The project is expected to be completed within 36 months and will be synchronized with the commissioning of the expansion project of Panipat refinery along with the installation of polypropylene unit and Catalytic Dewaxing Unit.
Existing Mundra-Panipat Pipeline Network
Indian Oil already has 1194 Km long Mundra-Panipat pipeline which was commissioned to transport crude oil from Mundra on the Gujarat coast to Indian Oil’s refinery at Panipat in Haryana.
Indian Oil manages one of the world’s largest oil pipeline networks, and the present pipeline network is more than 15,000 Km long.
About Indian Oil Corporation Limited: IOCL is commonly known as Indian Oil. It is India’s largest commercial enterprise. IOCL owns and operates 11 of India’s 20 refineries. IOCL is headquartered at New Delhi.