IndianOil plans refinery, petrochem units in Central Asia
New Delhi 12-Apr-2008
IndianOil has informed the petroleum ministry that it is looking into the possibility offsetting refinery-cum-petrochemical complexes in Turkmenistan and Kazakhstan. IOC is setting up a similar facility in Turkey with its partner Calik Energy and is currently engaged in discussions with some other international oil and gas majors for jointly developing the project as a consortium. Currently, IndianOil has no activity pertaining to E&P or refining in Turkmenistan and Kazakhstan. However, IndianOil is keen to participate in the forthcoming tender to be shortly floated by the Turkmenistan government for a new refinery cum petrochemicals project for processing 3 million tonne of oil and 3 billion cubic metre of gas per year. The state-owned oil company of Kazakhstan-KazMunaiGs (KMG), which has already evinced interest to partner IndianOil for its new refinery-cum-petrochemical complex at Ceyhan in Turkey, is being considered as a potential partner by IndianOil for jointly setting up gas processing and gas based petrochemical complexes (including crackers) and derivatives in Kazakhstan. As per IndianOil, the two companies (KMG and IndianOil) can have a mutual partnership agreement the techno-economic viability for setting up such projects can be explored jointly. Currently, Turkmenistan has two refineries with a total refining capacity of 2,40,000 barrels of oil per day. The government of Turkmenistan has plans to raise the total refining capacityto3, 20,000 bpd in the next 8-10 years and construct three new refineries to bring the total refining capacity to 640,000 bpd by 2030. Therefore, similar tenders are also expected to be floated in the new future. Alongside, IndianOil is also keen to participate in Turkmenistan's gas sector. IndianOil, in its recent letter to the petroleum ministry (April 1) has offered to develop projects in Turkmenistan as an integrated package. This, it says can also be looked at as an alternative approach to the gas pipeline project, currency stuck due to security and other concerns. IndianOil has offered development of on shore gas fields; developing natural gas liquefaction facilities; setting up pot facilities for transporting LNG; purchasing LNG in bulk to bring it to India; augmenting the refining and petrochemical capacity besides setting up of gas marketing and CNG networks in Turkmenistan. According to IndianOil, GAIL can also be involved along with IndianOil in setting up of gas marketing and CNG facilities besides NTPC, which can be roped in for constructing a gas based power plant in Turkmenistan.

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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
ndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
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