Mundra port to handle crude oil
By A Business Correspondent
HPCL and Gujarat Adani Ports Ltd will jointly set up import crude oil discharge and storage facilities to cater to the 9 mtpa Guru Gobind Singh Refinery being set up in Bhatinda, Punjab. This project will make history of sorts, being the first instance where a minor port will handle crude oil on a commercial basis.
The facility, which will come up at Mundra Port, will entail an investment of Rs 3.5 billion. It will include construction of a single point mooring connected with the crude oil storage facility located in the 310-acre land through sub-sea and terrestrial pipeline of 14-km length. The Rs 100 billion refinery, to be commissioned in 2005-06, will be supplied imported crude oil discharged at Mundra Port and transferred via the 1,011-km cross-country pipeline.
HPCL has obtained all the necessary government clearances for setting up the project. Work on the detailed project report and site investigations, including offshore and onshore site surveys as well as site grading, has already commenced at Mundra Port.