World Class Strategic Petroleum Reserve To Come Up At Odisha’s Chandikhole

Bhubaneswar: The Secretary to Ministry of Petroleum & Natural Gas, Tarun Kapoor on Monday called on Odisha Chief Secretary Suresh Chandra Mahapatra and discussed various issues related to Oil & Gas Industries.

During the meeting Kapoor informed that the country’s largest strategic petroleum reserve will come up at Chandikhole in Jajpur district.

The proposed Indian Oil Strategic Petroleum Reserve Limited (ISPRL) will be developed into a “World Class Reserve” for petroleum products, he said.

Kapoor has sought Odisha government’s cooperation for speedier execution of projects worth Rs 77,331 crore under implementation in the state. The Centre has also proposed 10 projects estimated at Rs 92,556 crore.

The Centre has invested Rs 2,13,209 crore in Odisha out of which 25 projects worth Rs 43,322 crore have been completed, said Kapoor.

The other points highlighted in the meeting include:

• The new LPG import facility at Paradip is likely to be commissioned in May while two new LPG plants are being constructed at Rayagada and Khurda.
• Three new  petrol, oil and lubricant terminal coming up at Berhampur (IOC), Sadashivpur (BPC) and Jharsuguda (BPC).
• Indian Oil’s Paradeep Refinery with a capacity of 15 MMTPA is one of most modern and complex refineries of the country commissioned in 2016 at a cost of Rs 34,555 crore.

Informing about the pipeline projects, Kapoor said Paradip-Hyderabad pipeline is likely to be commissioned soon. The Paradip-Haldia-Durgapur LPG pipeline augmented and its extension to Patna and Muzaffarpur too will be completed shortly.

“The Oil Industry is committed and is continually assessing and improving its Infrastructure to meet the energy requirements of Odisha in its march towards the ‘Purvodaya Vision’ of the government and the all-round development of the State,” he said.

Among others, Chairman Indian Oil, SM Vaidya; Director HR, Indian Oil Ranjan Kumar Mohapatra and State-level Coordinator for Oil Industries-cum-State Head Indian Oil Subhajit Ghosh were present.