(BS)
Oil marketing major Indian Oil Corporation Ltd (IOCL) aims to achieve 100 per cent capacity utilisation of its 15-million-tonne-per-annum (mtpa) Paradip refinery in 2019-20 even if US ends the waiver of oil import from Iran. “We have the closed the last fiscal with 14.6 million tonne capacity utilisation. Paradip refinery is equipped to process different types of crude. We will achieve more than 100 per cent of the capacity at the refinery during FY20,” said senior official of IOCL.
IOCL’s 15 mtpa coastal refinery at Paradip is spread over 3,345 acres, built with an estimated cost of Rs 34,555 crore. The refinery can process 100 per cent high-sulphur and heavy crude oil to produce various petroleum products, including petrol and diesel of BS-IV quality, kerosene, aviation turbine fuel, propylene, sulphur, and petroleum coke. It is also designed to produce Euro-V premium quality motor spirit and other green auto fuel variants for export. “We will not have any problem on availability of crude. If there is no supply of crude from Iran, we will get it from other sources”, he added. The refinery sources crude from the US, Nigeria, UAE, Saudi Arabia and Iran.
