IndianOil pipeline commissioned
New Delhi   09-Apr-2009
IndianOil has commissioned the 330-km-long pipeline linking Paradip with Haldia and Barauni Refineries of IndianOil, installation of a Single Point Mooring (SPM) system in the offshore waters of Paradip and a crude oil tank farm consisting of 15 crude oil storage tanks. This Rs 1,420 crore project is designed to transport 11 million metric tonnes of crude oil per year from Paradip to refineries at Haldia and Barauni, and would effect substantial savings in the cost of transportation besides being environmentally benign. Inaugurating the Paradip-Haldia crude oil pipeline system IndianOil Chairman Sarthak Behuria said, the pipeline networks offer a major competitive advantage in our bid to streamline and optimise operations, so as to be the least cost supplier in the market place. With the completion of this pipeline our roots in the eastern India will go even deeper by providing efficient and reliable supply chain management of crude oil, he said.