On 3rd July 2022 Indian Oil Corporation Limited (IOCL) signed a Memorandum of Understanding (MoU) with the Bangladesh Roads and Highways department in Dhaka, Bangladesh for an interim set up to facilitate emergency supply of petroleum goods.
- The purpose of the agreement is mainly for emergency ferrying of petroleum products to the northeastern states of India through Bangladesh’s territory.
- It is an interim arrangement to facilitate ferrying of petroleum products after damage to railway lines and highways due to rains or any other natural calamity,
Route for petroleum supply:
i.The petroleum tankers will enter from Meghalaya and reach Tripura passing through the Bangladesh territory.
ii.The administrative fees, charges and local taxes will be borne by IOCL including road usage fee for use of the Bangladeshi territory.
MoPNG Unveils Commemorative Publications & Stamps of Indian Oil Refineries
Union Minister of Petroleum and Natural Gas (MoPNG), Hardeep Singh Puri released publications on Indian Oil Corporation Limited’s (IOCLs) Diamond Jubilee milestone of Guwahati Refinery and Golden Jubilee celebrations of Bongaigaon Refinery.
- My stamp was issued to Indian Oil Corporation by the Indian post Department to mark IOCL ‘s commitment towards the country.
- Attendees –Minister of State for Petroleum and Natural Gas & Labour and Employment, Rameswar Teli, Refineries Chairman, SM Vaidya and Director, Ms Sukla Mistry were also present.
i.Indian Oil is expanding its business towards green energy fuels and also engaging in various environmental and social initiatives.
ii.The Guwahati Refinery is the first Public Sector Refinery in India and Bongaigaon Refinery has been meeting the energy needs of the north-east region of India, and the neighbouring regions.
- The refining capacity of the refineries in the north-eastern region shall be increased by 2030 under the Government of India’s North-East Vision.
iii.The refineries play a major role in supporting local communities through developmental projects with inclusive growth which thereby boosts the economy of north-east of India.
Major refineries of IOCL in India:
Barauni Refinery (Bihar), Gujarat refinery (Vadodara, Gujarat), Guwahati refinery (Assam), Haldia refinery (West Bengal), Mathura refinery (Uttar Pradesh), Panipat refinery (Haryana), Bongaigaon refinery (Assam), Paradip refinery (Odisha),
Recent related news:
Indian Oil Corporation Limited (IOCL) is set up to build India’s 1st Green Hydrogen Plant at Mathura refinery, Uttar Pradesh (UP). This aims to cater to the growing demand for cleaner forms of energy.
About Indian Oil Corporation Limited (IOCL):
Chairman – Shrikant Madhav Vaidya
Headquarters – New Delhi, Delhi