The Prime Minister, Dr Manmohan Singh on 19 May 2011 dedicated the world-class, 6-MMTPA Bina Refinery in Madhya Pradesh to the nation. India is expected to increase its refining capacity to 2,380 lakh tonnes by 2012.
The refinery was set up by Bharat Oman Refineries Ltd (BORL), which is promoted by Bharat Petroleum Corporation Ltd, with equity participation of 26 per cent by Oman Oil Company and about 1 per cent by the Madhya Pradesh Government. The refinery was set up with an estimated cost of Rs 12000 crore.
The refinery will produce Liquefied Petroleum Gas, Euro III and Euro IV Petrol and Diesel, Aviation Turbine Fuel (ATF) and Light Aromatic Naptha with sulpur as by-product. Also the project involves a crude supply system consisting of a Single Point Mooring system (SPM), Crude Oil Storage Terminal (COT) at Vadinar, District Jamnagar, Gujarat and 935 Km long cross country crude pipeline from Vadinar to Bina for supplying crude.
The Prime Minister on this occasion declared that India is not only self-reliant in fulfilling the need to refine petroleum products but also India has the capability of exporting these petroleum products in a big way. In 2010-11, India exported 560 lakh tonnes of petroleum products and earned over $4,000 crore.
Bharat Oman Refineries Limited (BORL) is a company promoted by Bharat Petroleum Corporation Limited (BPCL) with equity participation from Oman Oil Company Limited (OOCL) to set up a six Million Metric Tonnes per Annum (MMTPA) grass root refinery at Bina.
Bharat Oman Refineries plans to expand Bina’s capacity to 15mt by 2016-17. The company laid a 1,000-km pipeline from Vadinar in Gujarat to transport the crude.
India imports almost 80 per cent of its crude requirements. The surplus refined petroleum products are exported.
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