The Indian Oil Corporation (IOC) intends to invest Rs 4,650 crore in new petroleum pipeline projects subject to the Petroleum and Natural Gas Regulatory Board (PNGRB) approval.

According to sources, the likely value of the planned crude oil pipeline projects is Rs 3,168 crore and product pipelines Rs 1,482 crore. The pipeline plan is in addition to the projects already under implementation.

The proposed projects likely to be cover Assam, Orissa, West Bengal, Uttar Pradesh, Gujarat, Rajasthan, Delhi, and Haryana are likely to take at least three years from the date of investment approval by PNGRB.

Presently, IOC is implementing pipeline projects with an investment of Rs 4,207 crore.

About 15 pipeline projects are already under implementation. These include Dadri-Panipat R-LNG spur pipeline, Chennai-Bangalore product pipeline, second single-point mooring and connected crude oil pipeline for Paradip refinery.

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