IOCL's ₹921 Crore Jetty to Boost Oil Supply by December

The Indian Oil Corporation Ltd (IOCL) is on track to launch its exclusive ₹921 crore jetty at Kamarajar Port, Ennore, by December 2024. This dedicated facility, located near the northern breakwater, will significantly boost the port's cargo handling capacity by an additional 3 million tonnes per annum. Announced by Sunil Paliwal, Chairman of Kamarajar Port Ltd (KPL), this jetty will cater specifically to IOCL's needs, moving operations from the existing shared oil jetty used by multiple companies.

The establishment of this dedicated jetty is driven by the increasing demand for petroleum products, LPG, and lube oil base stocks in Tamil Nadu and neighboring regions. In response to a National Green Tribunal directive to close its Korukkupet and Tondiarpet depots, IOCL is also constructing new POL pipelines connecting the jetty to a new terminal in Vallur and Chennai Petroleum Corporation Ltd's Manali Refinery.

The project, initially begun under a 2016 concession agreement and revised in 2019, faced delays but is now progressing with ITD Cementation Ltd as the EPC contractor. The new jetty, designed for handling LPG and POL products, will accommodate large gas carriers and oil tankers, with a throughput capacity of up to 5 million tonnes per annum.

Once operational, the jetty will facilitate the import and export of POL and LPG, using tankers of up to 80,000 deadweight tonnage and very large gas carriers. The jetty’s design capacity includes 3.3 million tonnes per annum for POL and 1.7 million tonnes per annum for LPG, marking a significant enhancement in IOCL's operational capabilities.

News by Rahul Yelligetti