New Delhi: Indian Oil Corp (IOC) will commission a new 15-million-tonne oil refinery and an accompanying petrochemical complex at Paradip in Orissa by October 2011.
The refinery-cum-petrochemical complex would cost Rs25,646 crore, Minister of State for Petroleum and Natural Gas, Dinsha Patel, said in a written reply to a question in the Lok Sabha here.
“IOC has already acquired 3,347 acres of land for Paradip project,” he said.
Technological selection for all major units has been completed while the project management consultant has been selected for front-end engineering and design. “Environmental clearance for the project was received on 6 August 2007.”
“An amount of Rs2,281.87 crore has been sanctioned for Paradip refinery project for carrying out pre-project activities, of which Rs778.32 crore has been spent as on 31 August 2007,” Patel said.
To a separate question, Patel said Numaligarh Refinery Ltd has signed an agreement with Oil India Ltd for supply of one million standard cubic metres a day of natural gas for its refinery.
“A new natural gas pipeline is being laid for transporting natural gas from Duliajan to Numaligarh. The proposed natural gas pipeline is expected to be completed by October 2008 at an estimated cost of Rs318 crore,” he said.
Separately, he said the country imported 526,000 tonnes of LPG this fiscal to meet the deficit between production and demand.