‘IOCL’s Paradip-Hyd Pipeline Project Nears Completion in Andhra’
06.29.2023 By TankTerminals.com News - NEWS

June 29, 2023 [The New Indian Express]- The Indian Oil Corporation (IOCL)’s big ticket 1222 km-long pipeline project from Paradip Port to Hyderabad worth Rs 3,328 crore has been nearing completion.


Speaking to media persons here on Wednesday, IOCL executive director and south head of AP and Telangana B Anil Kumar said that the first leg of the project was completed till Vijayawada and it was already commissioned. The hyderabad leg of the project was still underway and would be commissioned in March next year, they said.

The ED said a new terminal being constructed at Atchutapuram at a cost of Rs. 466 crore will be completed in December this year. A new LPG bottling plant is being constructed in Chittoor at a cost of Rs 167 core and will be completed in February next year. A new depot was constructed at Guntakal at a cost of  Rs 350 crore.

In addition to these new additions to infrastructure in the State, they are also revamping their facilities at Vizag terminal at a cost of Rs. 355 crore and augmenting tankage and allied facilities at Vijayawada terminal at a cost of Rs. 316 crores.

IndianOil has set up 219 EVs in the State and is planning to set up another 210 EVs this financial year. In a move to reduce the waiting time for charging, the IndianOil launched the initiative to collect the batteries in exchange for the batteries at the recharging point. However, there are some issues, such as old and new batteries, and they have to be addressed, he said.

“IndianOil has been pursuing a robust green agenda to steer the country’s green energy transition. We are already working on several emission mitigation pathways like green hydrogen, biofuels, renewables, carbon offsetting through ecosystem restoration and carbon capture utilisation and storage (CCUS), among others,” said Anil Kumar.

“IndianOil is resolved to achieve net-zero operational emissions by the year 2046 with an investment of Rs 2 lakh crore. IndianOil’s decarbonisation plans encompass both scope 1 & 2 emissions,” he added. In the last three years, IndianOil has commissioned 225 retail outlets. All IOCL retail outlets are being fully automated with real-time data transfers, monitoring the transactions. In collaboration with the State Prisons department, seven retail outlets have been started by the IndianOil.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Russia’s Novatek Reaches Vysotsk LNG Production Milestone
09.29.2023 - NEWS
September 29, 2023 [LNG Prime]- Russian LNG exporter Novatek has reached a new production milesto... Read More
US Weekly LNG Exports Down to 21 Shipments
09.29.2023 - NEWS
September 29, 2023 [LNG Prime]- US liquefied natural gas (LNG) exports declined in the week endin... Read More
Seapath and Pilot LNG Joint Venture to Develop First Dedicated LNG Bunkering Facility in U.S. Gulf Coast
09.29.2023 - NEWS
September 29, 2023 [Pilot]- JV will develop, construct, and operate a terminal in the Galveston B... Read More
Oil Prices Rise As Crude Oil Inventories Build, Products Fall
09.29.2023 - NEWS
September 29, 2023 [Oil Price]- The American Petroleum Institute (API) has reported a build of 1.... Read More