Indian Oil Indian Oil to invest Rs 9,028 cr to construct new crude oil pipeline between Panipat and Mundra
New Delhi/IBNS: State-run refiner, Indian Oil will invest Rs 9,028 crore to construct a new crude oil pipeline between Mundra in Gujarat and Panipat in Haryana, the company said in a statement.
The pipeline will have a capacity of 17.5 million metric tonnes per annum.
The company will also build 9 crude oil tanks of 60,000 kilolitres each at Mundra.
It will meet both operational requirements and help in enhancing crude oil storage capacity in the country, according to the statement.
“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 company said.
The crude oil pipeline project is set to be complete in synchronization with the commissioning of Panipat refinery expansion.
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