Indian Oil Corp has signed a memorandum of understanding with Russian construction firm Stroytransgaz for jointly pursuing pipeline projects in India and abroad.
The MoU was inked by IOC Director (pipelines) A M Uplenchwar and First Vice-President of STG, L Bokhanovskiya.
IOC and STG have earlier partnered in a consortium with Essar Construction Ltd for the 133-km Baroda-Ahmedabad-Kalol gas pipeline project of Gujarat State Petronet Ltd. The two companies jointly bid for the 300-km Iraq-Jordan crude oil pipeline project.
Speaking on the occasion, Uplenchwar said IOC was expanding its existing network of nearly 10,000 km of crude oil and petroleum product pipelines across the country by implementing major projects like the 330-km Paradip-Haldia crude oil pipeline, the 132-km Dadri-Panipat pipeline, the 112-km product pipeline from Koyali to Dahej, and the 274-km product pipeline from Koyali Refinery to Ratlam.
It plans to implement the Chennai-Bangalore pipeline, Panipat-Jalandhar LPG pipeline, Paradip-Ranchi-Raipur pipeline, and augment the existing Mundra-Panipat crude oil pipeline, which together would cost Rs 1,500 crore (Rs 15 billion), he said.
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