Looking Beyond Domestic Market, BPCL Kochi Refinery Aims at Petroleum Products Exports
03.21.2022 By Ricardo Perez - NEWS

March 21, 2022 [BusinessLine] – The company to also expand its existing export pipeline network to Cochin Port Trust for products shipments


BPCL Kochi Refinery is betting big on petroleum products exports to shore up its revenue. The company has earmarked an investment worth ₹70 crore to expand its existing export pipeline network from the refinery premises to Cochin Port to enable more flexibility in the supply of products for shipments.

The company had looked beyond the domestic market and targeted exports following a drop in demand during pandemic times.

Overseas markets

In the current year, BPCL has made shipments of diesel and motor spirit to countries such as Bangladesh, South Africa, South Korea, Singapore and Malaysia by utilising the facilities at Cochin Port Trust, said TV Karunanidhi, General Manager, Oil Movement and Storage, BPCL, at a function organised by the Cochin Port Trust on PM Gati Shakthi National Master Plan on multi-modal connectivity.

Later, while talking to BusinessLine on the sidelines of the event, he said, “We now have an opportunity to ship more products to overseas destinations thanks to the infrastructure facility and connectivity by pipeline between the oil jetties and the refinery. This will give the company an opportunity to export products in case of requirements in the future.”

The prevailing situation has given the company more opportunities to explore overseas markets and the expansion of the pipeline network was based on emerging market trends. Work in this regard has already started and the expanded facility will be ready for operations by next year, Karunanidhi said.

Domestic demand back up

However, Karunanidhi went on to add that with the dropping of Covid cases, there is a revival in domestic demand by 95 per cent and so presently the company is now focussing on meeting the requirements.

It is also exploring measures to extend product pipeline from the Cochin Oil Terminal to the proposed Multi-User Liquid Terminal of Cochin Port Trust at Puthuvypeen as its commissioning will open the scope to handle various other petroleum products. This will pave the way for BPCL to handle more ships of exports and coastal cargoes when the Cochin Oil Terminal is occupied. BPCL is also exploring a crude oil handling facility at MULT which can be used to receive crude oil in Puthuvypeen shore tank farm at the time of adverse weather conditions at Single Point Mooring of BPCL in the outer sea, he added.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 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

ExxonMobil Expands Chemical Production at Baytown
09.21.2023 - NEWS
September 21, 2023 [ExxonMobil]- ExxonMobil today announced the startup of two new chemical produ... Read More
Belvedere Terminals Ups its Planned Investment to $750 Million in Florida
09.21.2023 - NEWS
September 21, 2023 [Observer]-Belvedere Terminals announced Tuesday that it plans to build a tota... Read More
Oil Must Play Major Role in Global Energy Transition, Exxon, Aramco CEOs Say
09.21.2023 - NEWS
September 21, 2023 [Oil & Gas 360]- The heads of Saudi Aramco and Exxon Mobil Corp. took to t... Read More
JERA Global Markets Sells Terminal in the Port of Amsterdam to Rhenus Group
09.21.2023 - NEWS
September 21, 2023 [Port News]- JERA Global Markets Pte. Ltd. and the Rhenus Group jointly announ... Read More