Oil India Limited (OIL) has formed strategic alliances with Bharat Petroleum Corporation Limited (BPCL) and Numaligarh Refinery Limited (NRL) to enhance growth across refining, petrochemicals, and logistics infrastructure. These partnerships aim to create long-term value and bolster India’s energy security, with projects including a ₹1 Lakh Crore integrated refinery and a ₹3,500 Crore product evacuation pipeline.
Integrated Refinery Project
OIL and BPCL have agreed to a collaborative framework for building an integrated ₹1 Lakh Crore Ramayapatnam Greenfield Refinery & Petrochemical complex. This will be the first project of its kind in South India.
Product Evacuation Pipeline
OIL, BPCL, and NRL are joining forces to construct a ₹3,500 Crore cross-country product evacuation pipeline. This project is planned to support the NRL refinery expansion.
Energy Technology Meet 2025
The agreements were formalized at the 28th Energy Technology Meet 2025 held in Hyderabad. Oil India Limited signed Memoranda of Understanding (MoUs) with Bharat Petroleum Corporation Limited and Numaligarh Refinery Limited.
Ramayapatnam Collaboration
OIL and BPCL have signed a non-binding MoU to explore collaboration in developing BPCL’s upcoming Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Nellore district, Andhra Pradesh. The proposed facility includes a refining capacity of 9-12 MMTPA and a ethylene cracker unit of 1.5MMTPA, representing an estimated investment of ₹1 lakh crore (US$11 billion). Commercial operations are slated for FY 2030.
Pipeline Development
OIL, BPCL, and NRL signed a tripartite MoU to facilitate efficient evacuation of petroleum products following NRL’s expansion from 3 MMTPA to 9 MMTPA. The three organizations will jointly explore the development of a cross-country petroleum product pipeline from Siliguri to Mughalsarai via Muzaffarpur and augmentation of Depo infrastructure with an estimated investment of ₹3,500 crore. The project will be jointly owned by BPCL (50%), OIL (25%) and NRL (25%).
Source: BSE
