Indian Oil Corporation will be taking a final view on the revised Paradip refinery project during its board meeting in September 2005. 

Engineers India Ltd is currently preparing the detailed feasibility report, which will be taken up at IOC's board meeting. Following this, it would take another year to prepare the detailed engineering, do the risk analysis and finalize the project contractors. Physical work on the project is likely to begin by end-2006. Commissioning is targeted for 2009-10.

In its revised incarnation, the project envisages refining capacity of 15 million tpa as against the earlier 9 million tpa. Besides, a petrochemical complex is being planned within the refinery complex, on the lines of IOC's Panipat refinery project. The Paradip project also envisages the construction of a crude oil terminal and a single buoy mooring facility.

Around 3 million tonnes of petroleum products would be annually supplied to the northern region through a pipeline to be constructed from Paradip to Allahabad (UP) via Rourkela (Orissa).

Another pipeline has been planned to transport crude from Paradip to IOC's refineries in Haldia (West Bengal) and Barauni (Jharkhand).

Also See:

IOC committed to Paradip refinery project (05-Jan-05)