Union Petroleum Minister Dharmendra Pradhan after chairing a high-level meeting with Indian Oil Corporation limited (IOCl) officials in New Delhi informed that the 15 MTPA refinery project at Paradip will start its commercial operations by December end next.
“The project is on the verge of completion and is expected to be commissioned by December end,” Pradhan said after the meeting, which was also attended by State Industries Minister Debi Prasad Mishra.
Pradhan informed that the Centre will prepare a blueprint for the petrochemical hub to come up at Paradip within three months. Pradhan said the IOCl has been directed to prepare a roadmap for the Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) project in consultation with the State Government and the concerned department.
The PCPIR project in the State would be set up on 284.15 sq km of land spread over Jagatsinghpur and Kendrapara districts. The PCPIR hub is expected to attract investments to the tune of `2.74 lakh crore, the Union Minister informed.