OIL signs agreement with NRL for transportation of additional petroleum products through NSPL

Oil India Limited (OIL), India’s oldest Oil & gas Company & the youngest Maharatna CPSE of Govt. of India and Numaligarh Refinery Limited (NRL), OIL’s material subsidiary company signed a new long-term Definitive Agreement for the transportation of additional petroleum products through OIL’s Numaligarh-Siliguri Product Pipeline (NSPL) following the commissioning of Numaligarh Refinery Expansion Project.

The agreement was signed by Shri Pankaj Kumar Goswami, Director (Operations), OIL & Shri Sanjay Choudhury, Director (Finance), NRL in the presence of Dr Ranjit Rath, Chairman & Managing Director OIL & Chairman NRL, Shri Bhaskar Jyoti Phukan, Managing Director (NRL), and Functional Directors, CVO and senior officials.

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The Agreement will be effective from the commencement date of augmented pipeline operations for 25 years. Currently, OIL evacuates 1.72 MMTPA of petroleum products through NSPL, delivering to the Marketing Terminal of NRL at Siliguri.

In line with Hydrocarbon Vision 2030 for Northeast India, NRL is executing Numaligarh Refinery Expansion Project to enhance capacity from 3 to 9 MMTPA.

 

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To evacuate NRL’s additional petroleum products through existing NSPL, OIL & NRL entered into an MOU in December 2020 under which, OIL agreed to invest for augmenting the capacity of the NSPL from 1.72 MMTPA to 5.50 MMTPA by way of establishing additional booster pump stations and other facilities at different pump stations along its right of way.

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