NRL signs MoU with Paradip Port Trust and Indian Oil Corporation for Import of Crude Oil from Paradip Port

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Bhubaneswar: Numaligarh Refinery Limited (NRL) today signed a historic Memorandum of Understanding(MoU) with Paradip Port Trust and Indian Oil Corporation (IOCL) for Import of Crude Oil at Paradip Port, Odisha for its proposed Refinery expansion at Numaligarh from existing 3 MMTPA to 9 MMTPA.

The tripartiate 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 in the august presence of Union Minister for Road Transport, Highways and Shipping, Govt. Of India Shri Nitin Gadkari; Minister of State(I/C) for Petroleum and Natural Gas, Govt of India Shri Dharmendra Pradhan; Finance, Health, Education and Planning Minister, Govt. of Assam Shri H B Sarma; Commerce and Industry Minister, Govt. of Assam, Shri C M Patowary; NRL MD Mr.P.Padmanabhan; Director(Pipelines) IOCL Mr. Aneesh Agarwal amongst others.

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.

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