State-owned Indian Oil Corporation (IOC) has commissioned an oil jetty at its Paradip refinery in Odisha as it sequentially commissions units of the Rs 34,555 crore refinery. The South Oil Jetty, which will be used to import and export of oil at high sea, was dedicated to the nation by Shipping and Road Transport Minister Nitin Gadkari at Paradip.
Built at cost of Rs 34,555 crore, the refinery is designed to process broad basket of crude including cheaper high sulphur heavy crudes and has an overall Nelson complexity factor of 12.2. The refinery is capable to produce Euro-IV / Euro-V quality transportation fuel.
IOC is India’s flagship national oil company and handles refining, pipeline transportation and marketing of petroleum products, as well as production of downstream petrochemical products.
