The MoU was signed among Paradip Port Trust, Indian Oil Corporation Limited and Numaligarh Refinery Limited in the presence of Union minister Nitin Gadkari, Union Minister of State Dharmendra Pradhan, Assam finance minister H B Sarma and Assam commerce and industry minister C M Patowary.
Under the expansion project, a 28-inch diamter and 1400-kilometre-long crude oil pipeline of 1 MMTPA capacity will be laid for transporting 6 mmtpa of imported crude oil from Paradip Port in Odisha to Numaligarh in Assam.
The MoU provides for utilisation of IOCL's spare capacity of existing SPMs (single point mooring) at Paradip for installation of crude storage tanks, pump house and a township.
Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan said that the Centre was planning to expand the capacity of the port at Paradip and set up a crude oil terminal to be used to meet oil requirement of east Asia.
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