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IOCL To Invest $4 46 Billion To Enhance Panipat Refinery s Capacity And Set Up Catalytic Dewaxing And Polypropylene Units

Indian Oil Logo State-owned Indian Oil Corporation is set to invest $4.46 billion to enhance the capacity of its refinery in Haryana s Panipat by two-third quantum to 5,00,000 barrels per day (bpd) from the present 3,00,000 bpd by September 2024, reports Economic Times. Along with the expansion of the refining capacity, IOC will also be setting up catalytic dewaxing and polypropylene units at the facility to boost the production of value-added speciality products as it looks to improve margins and de-risk the conventional fuel business. Earlier in 2018, IOC announced capacity expansion of the 300,000 bpd Panipat refinery costing Rs 231 billion. Meanwhile, Union Oil Minister Dharmendra Pradhan has also sought 175 acres of land in West Bengal for expanding IOC s 1,60,000 bpd Haldia refinery in a bid to meet the nation s surging energy demand.

Petrol price crosses Rs 100-mark: PM Modi blames previous govts for not cutting import dependence

Petrol price crosses Rs 100-mark: PM Modi blames previous govts for not cutting import dependence Addressing an online event to inaugurate oil and gas projects in poll-bound Tamil Nadu, Prime Minister Narendra Modi said, I do not want to criticise anyone but I want to say [that] had we focused on this subject much earlier, our middle-class would not be burdened. advertisement UPDATED: February 18, 2021 08:44 IST Prime Minister Narendra Modi addressed an online event to inaugurate oil and gas projects in poll-bound Tamil Nadu. (Photo: PTI) On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi on Wednesday blamed the previous governments for not focussing on reducing India s energy import dependence.

IOCL announces new refinery foundation and significant step towards energy self-reliance for India

IOCL announces new refinery foundation and significant step towards energy self-reliance for India 2/16/2021 Prime Minister Shri Narendra Modi will dedicate the Ramanathapuram - Thoothukudi natural gas pipeline and Gasoline desulfurization unit at Chennai Petroleum Corporation Limited to the nation on 17 th February 2021 at 04:30 PM via videoconferencing. Prime Minister shall also lay the foundation stone of Cauvery basin Refinery at Nagapattinam. The event marks another significant milestone towards the Energy  Aatmanirbharta for the nation. Governor and Chief Minister of Tamil Nadu, Union Minister for Petroleum and Natural Gas and Steel, and other Members of Parliament will also be present on occasion.

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