IndianOil to invest Rs. 1500 crore in expansion of crude & POL pipelines network
New Delhi 26-Aug-2007
After having unveiled its plans to enter the city gas distribution projects in joint venture and also foray into non-core retail sector across the country, IndianOil has drawn up elaborate plans to pump in about Rs. 1,480 crore for expansion of its present network of pipelines carrying crude oil and petroleum products. Apart from this, it is going in for major foray into the bio-fuel sector with plans to acquire 30,000 hectares in Chhattisgarh and Madhya Pradesh for jatropha cultivation. Official sources said that IndianOil planned to increase its present pipeline capacity from 61.718 million tonnes to 75.480 million tonnes by March 31 next year. The company planned to invest Rs. 1,178 crore in the 11 million-tone Paradip-Haldia crude oil pipelines and Rs. 224.69 crore in the two million-tone Koyali-Ratlam pipelines for transporting petroleum products. In addition to this, it will invest another Rs. 48.58 crore in aviation turbine fuel (ATF) pipeline from Chennai refinery to Air Force Station in Chennai city and Rs. 28.61 crore in augmenting the Bongaigaon-Siliguri section of the Guwahati-Siliguri pipeline. Stating that things were moving at a smooth pace, sources clarified that IOC had not put on hold its proposed liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu. It was in the process of pursuing with various prospective LNG suppliers for long-term supply of LNG, the sources added. As for its bio-fuel plans, sources said that the company was in the process of identifying suitable land clusters for developing jatropha plantation in Madhya Pradesh and Chhattisgarh.Sources also said that IndianOil was in discussion with Reliance Industries for procuring gas for internal consumption in its refineries.Reliance is to begin production from its Eastern offshore Krishna-Godavari basin field from July 2008. The leading oil company has formed joint ventures for city gas distribution projects involving sale of piped natural gas (PNG) and compressed natural gas (CNG) to households, commercial establishments and the transport sector. However, the requirement of gas has not been firmed up as yet and the company is still waiting for a final word on the natural gas pricing issue before going ahead with its plans to tie-up for supply of gas.

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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.
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