German China India

Oil Terminal

Indian Oil to Invest $ 27.5 Million for New Oil Terminal

| Editor: Dominik Stephan

(Picture: Indian Oil)
(Picture: Indian Oil)

State owned Indian oil announced plans to invest $ 27.5 million dollar in a new oil terminal at Chittoor, Andrah Pradesh district, India. The terminal shall help to expand the company's business in southern India.

Dehli/India – Indian Oil's newest terminal will have a capacity of handling 57,640 kiloliters (360,250 barrels) of refined petroleum products. A project of this scale would include the construction of tank truck loading stations, a tank wagon loading/receipt facility; and storages capacities for refined products such as diesel, kerosene oil, ethanol and furnace oil. The terminal is expected to be operational by the end of 2012. Insiders speculate that this project coincides with the shutting down of two existing lubricants depots in India.

Indian Oil also announced plans to set up an LPG bottling facility in the Nellore district, yet feasibility studies are still underway.

Comments are being loaded ....

Leave a comment

The comment is checked by an editor and will be released soon.

  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Contact us via: support.vogel.de/ (ID: 28408480 / Business & Economics)