Location of Paradip Refinery
|Owner(s)||Indian Oil Corporation Limited|
|Capacity||300,000 bbl/d (48,000 m3/d)|
Paradip Refinery is IndianOil’s 11th Refinery. It was dedicated in the service of the nation by PM Shri Narendra Modi on February 7, 2016. Envisioned as the Energy Gateway to Eastern India, the 15 MMTPA Refinery has been set up at an estimated cost of Rs. 34,555 crore. The foundation stone for the refinery was laid by former Prime Minister Atal Bihari Vajpayee in May 2002.
Officials said building the refinery was a mammoth task with 2.8 lakh ton of steel, equivalent to 30 Eiffel Towers or about 350 Rajdhani trains, being used in its construction. It has 11.6 lakh cubic meter of concreting equivalent to 3 times volume of Burj Khalifa, Dubai.
Pipes running to 2,400 km have been used, which is almost the length of Ganges. A Mercedes-Benz S-Class car can pass through the largest diameter pipeline of 126-inch.
The refinery expected to start production in the third quarter of 2013. Due to delays the cost of refinery project has increased by 2.5%.It was finally inaugurated by Prime Minister Narendra Modi on February 7, 2016.
The refinery is built at a cost of Rs 34,555 crore and can process dirty and heavy crude oil from Latin America.Located 140 km from the state capital Bhubaneswar, Paradip refinery is one of the most modern refineries in the world which can process cheaper high sulfur heavy crude oils. It has a complexity factor of 12.2.
It will produce 5.6 million tonnes per annum of diesel,3.79 million tonnes of petrol and 1.96 million tonnes of kerosene/ATF. Besides 790,000 tons of LPG and 1.21 million tonnes of pet-coke would also be produced.
The refinery sent out its first consignment of products comprising diesel, kerosene, LPG on November 22, 2015. Presently, the refinery would produce petrol and diesel of Bharat Stage IV (BS IV) and later will switch to BS VI quality to comply with auto fuel policy.
The refinery has plans to set up an Ethylene Recovery Unit/Mono-Ethylene Glycol (MEG) at an estimated cost of Rs 3,800 crore. It is expected to be completed by 2020-21.The refinery will also be designed to produce Euro-V premium quality Motor spirit and other green auto fuel variants for export to developed countries.
The Government of Odisha has announced nil sales tax on the refinery products for the period of 11 years from the date of commissioning of the project. The state government has also allowed 30 years exemption on CST collection to the project.
Cuttack ( (listen)) is the former capital and the second largest city in the eastern Indian state of Odisha. It is also the headquarters of the Cuttack district. The name of the city is an anglicised form of Kataka which literally means The Fort, a reference to the ancient Barabati Fort around which the city initially developed. Cuttack is also known as the Millennium City as well as the Silver City due to its history of 1000 years and famous silver filigree works. It is also considered as the judicial capital of Odisha as the Odisha High Court is located here. It is also the commercial capital of Odisha which hosts a large number of trading and business houses in and around the city. Cuttack is also famous for its Durga puja which is the most important festival of Odisha and West Bengal. Cuttack is also the birthplace of Netaji Subhas Chandra Bose.
The old and the most important part of the city is centred on a strip of land between the Kathajodi River and the Mahanadi River, bounded on the southeast by Old Jagannath Road. The city, being a part of the Cuttack Municipal Corporation consisting of 59 wards. Cuttack stretches from Phulnakhara across the Kathajodi in the south to Choudwar in north across the Birupa River, while in the east it begins at Kandarpur and runs west as far as Naraj. Four rivers including Mahanadi and its distributaries Kathajodi, Kuakhai, Birupa run through the city. Further Kathajodi is distributed into Devi and Biluakhai which often makes the geographical area look like fibrous roots.
Cuttack and Bhubaneswar are often referred to as the Twin-Cities of Odisha. The metropolitan area formed by the two cities has a population of 1.862 million in 2018. Cuttack is categorised as a Tier-II city as per the ranking system used by Government of India.Cuttack an unplanned city, is characterized by a maze of streets, lanes and by-lanes which has given it the nickname of a city with Baban Bazaar, Tepan Galee and i.e. 52 markets and 53 streets.Indian Oil Corporation
Indian Oil Corporation Limited (IOCL), commonly known as IndianOil is an Indian state government owned oil and gas company headquartered in New Delhi. It is the largest commercial oil company in the country, with a net profit of INR 19,106 crore (USD 2,848 million) for the financial year 2016–17. It is ranked 1st in Fortune India 500 list for year 2016 and 137th in Fortune's ‘Global 500’ list of world's largest companies in the year 2018. As of 31 March 2017 IndianOil's employee strength is 33,135, out of which 16,545 are in the officer cadre. It is India's largest downstream oil company, with a work force of more than 33,000 employees, a turnover of Rs. 506,428 crore and a net profit of Rs. 21,346 crore in 2017-18.IndianOil's business interests overlap the entire hydrocarbon value-chain, including refining, pipeline transportation, marketing of petroleum products, exploration and production of crude oil, natural gas and petrochemicals.IndianOil has ventured into alternative energy and globalization of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC), Mauritius (IndianOil (Mauritius) Ltd) and the Middle East (IOC Middle East FZE).In May 2018, IOC become India's most profitable state-owned company for the second consecutive year, with a record profit of ₹21,346 crore in 2017-18, followed by Oil and Natural Gas Corporation, whose profit stood at ₹19,945 crore.Jagatsinghpur district
Jagatsinghpur District is one of the thirty districts of Odisha in the eastern coast of India. It became a new district on 1 April 1993 (Vide Government Notification No.14218/R dated 27.03.1993 and EOG No.459 dated 01.04.1993) being separated from Cuttack district. It lies between 860 3’ E to 860 45’ East longitude and between 19058' to 20023' North latitude .Its ancient name was Hariharapur. The city of Jagatsinghpur is the district headquarters. With 88.5% rate of male literacy and 68.5% of female literacy, the district ranks better than the national average in literacy and is one of the developed districts in Odisha. The district tops the list in male literacy and second in female literacy rate in Odisha.Deltaic and partly littoral; the district of Jagatsinghpur is triangular in shape and small in geographical proportions .It is the smallest district in the state and covers a landmass of 1759 km2. It has a history of its own dating back to the 6th century AD, having contemporaneity with the Prachi valley civilization. Its archaeological remains, navigation network, inland and overseas trade, fabric manufacturing & designing, religious tolerance and epoch-making glorious role in freedom struggle; have a savour of distinctiveness.List of oil refineries
This is a list of oil refineries. The Oil & Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state. The list appears in one of their December issues. It is about 45 pages in length, and updated each year with additions, deletions, name changes, capacity changes and other refinements.List of oil refineries in India
￼￼NayaraThe following is a list of oil refineries in India, per the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas, Government of India, arranged in decreasing order of their capacity.Paradip
Paradip, also spelt Paradeep, is a major seaport town and a municipality in Jagatsinghpur district of Odisha, India.