{"id":28129,"date":"2022-03-08T19:24:40","date_gmt":"2022-03-08T13:54:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-adani-iocl\/"},"modified":"2022-03-08T19:24:40","modified_gmt":"2022-03-08T13:54:40","slug":"biz-adani-iocl","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-adani-iocl\/","title":{"rendered":"IOC signs pact with APSEZ to expand crude oil volumes at Mundra Port"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4011350073\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Mar 8 (PTI)\u00a0Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has signed an agreement with Indian Oil towards augmentation of the latter&#8217;s crude oil volumes at Mundra.\u00a0 \u00a0  \t APSEZ in a statement said\u00a0Indian Oil Corp Ltd (IOCL) shall expand its existing crude oil tank farm at APSEZ&#8217;s Mundra Port, thus enabling it to handle and blend additional 10 mmtpa crude oil at Mundra.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1210783737\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> This will support IOCL&#8217;s expansion of its Panipat refinery in Haryana, the statement added.<\/p>\n<p> According to the statement, IOCL is raising the capacity at its Panipat refinery by 66 per cent to 25 million metric tonne per annum (mmtpa) to meet India&#8217;s rapidly growing energy requirements.<\/p>\n<p> CEO and Whole Time Director of APSEZ\u00a0Karan Adani said as IOCL&#8217;s trusted long-term partner, APSEZ is well equipped to handle the additional 10 mmtpa crude oil at the company&#8217;s existing single buoy mooring (SBM) at Mundra.<\/p><div class=\"trade-content_5\" id=\"trade-2300188424\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The statement said\u00a0IOCL, which accounts for nearly half of India&#8217;s petroleum products&#8217; market share, has a refining capacity of 80.55 mmtpa and over 15,000 km of pipeline network.<\/p>\n<p> Part of IOCL&#8217;s current crude oil requirement of 15 mmtpa for its Panipat refinery is handled at the SBM of Mundra Port, it added.<\/p>\n<p> IOCL is operating a crude oil tank farm in an exclusive area in Adani&#8217;s Mundra Special Economic Zone, consisting of 12 tanks with a total capacity of 720,000 kilolitre.<\/p>\n<p> APSEZ is a part of the globally diversified Adani Group. PTI BKS  ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-796440253\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 8 (PTI)\u00a0Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has signed an agreement with Indian Oil towards augmentation of the latter&#8217;s crude oil volumes at Mundra.\u00a0 \u00a0 APSEZ in a statement said\u00a0Indian Oil Corp Ltd (IOCL) shall expand its existing crude oil tank farm at APSEZ&#8217;s Mundra Port, thus [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1698,31],"tags":[],"class_list":["post-28129","post","type-post","status-publish","format-standard","hentry","category-commodities","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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