Paradip Refinery to begin production soon
Bhubaneswar: The commercial commissioning of the Paradip Refinery Project will be done soon. Today, the chairman of Indian Oil Corporation Ltd B Ashok held discussions with chief secretary G.C. Pati regarding the progress of the project. On the other hand, a committee has been formed to expedite the development and review the financial assistance for the petrochemical complex forming a part of the project
“We have given the State government a full brief on the status of the project and we are very shortly going to commission the project for commercial production. Some of the things that we have done in the project is world-scale and this refinery is the largest in the world in some sense,” said Ashok.
The Odisha government is happy with the progress of the project and has offered us full support, he added.
IOC is building a 15 million ton a year refinery at Paradip at a cost of Rs 34,555 crore. The Paradip refinery project will be IOC’s 8th refinery in the country and is expected to help the company scale up its refining capacity to 69.2 million tonnes from the current 54.2 million tonnes per annum.
Notably, former Prime Minister Atal Bihari Vajpayee had laid the foundation stone for the refinery project in the year 2000. However, the project was delayed due to various reasons.