NamasteIOCLIndia
Location: Potentially in Prayagraj
Capacity: 9 MMTPA
Estimated Cost: Over ₹700 billion (approximately $8.3 billion)
Collaboration: ONGC is in talks with Bharat Petroleum Corporation Limited (BPCL), which owns land in Prayagraj, to expedite the project12.
Other NewInvestments IOCL
(using an approximate exchange rate of 1 USD = ₹83):
Nagapattinam Refinery:
Cost: ₹31,500 crore ≈ $3.80 billion
Panipat Refinery Expansion:
Cost: ₹34,627 crore ≈ $4.17 billion
Gujarat Refinery Expansion:
Cost: ₹18,936 crore ≈ $2.28 billion
Barauni Refinery Expansion:
Cost: ₹14,810 crore ≈ $1.78 billion
Paradip Refinery Projects:
Integrated Para Xylene (PX) and Purified Terephthalic Acid (PTA) Project:
Cost**: ₹13,805 crore ≈ **$1.66 billion
Ethylene Glycol Project :
Cost: ₹5,654 crore ≈ $681 million
Source / shared link: https://m.economictimes.com/industry/energy/oil-gas/indias-top-oil-explorer-may-set-up-refinery-in-uttar-pradesh/articleshow/113024566.cms
Originally published on LinkedIn on 2024-09-03 19:52:29: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7236823389653397504
