Indian Oil Corporation Ltd (IOCL) is set to complete its exclusive ₹921 crore oil jetty at Kamarajar Port in Ennore by December 2024. The development is expected to boost the port’s cargo capacity by 3 million tons annually, according to Sunil Paliwal, Chairman of Kamarajar Port Ltd (KPL).
Currently, several oil companies, including IOCL, HPCL, BPCL, Reliance, Shell, and Nayara, utilize a shared oil jetty. However, IOCL plans to transition from this communal facility to its dedicated jetty.
Situated adjacent to the northern breakwater, the new jetty will enable IOCL to address the increasing demand for petroleum, oils and lubricants (POL), LPG products, and lube oil base stock in bulk across Tamil Nadu and neighbouring states.
The national green tribunal has mandated the closure of IOCL’s existing depots in Korukkupet and Tondiarpet, located in north Chennai. The directive has prompted IOCL to invest ₹829 crore in constructing POL pipelines within the common corridor for the grassroot terminal at Vallur, approximately 20 km from the port.
As reported by thehindubusinessline.com, the pipelines will link the IOCL jetty with the Vallur terminal, which will subsequently connect with the Chennai Petroleum Corporation Ltd’s Manali refinery.
