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IndianOil Petronas to handle more LPG through Haldia
Pratim Ranjan Bose
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Second jetty to be completed next month
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Kolkata
Feb. 23
IndianOil Petronas Pvt Ltd (IPPL) may increase its LPG handling capacity through Haldia port by roughly 50 per cent following completion of the second oil jetty late this month or early next month.
A 50:50 joint venture between Indian Oil Corporation (IOC) and Petronas of Malaysia, IPPL markets imported LPG to public sector oil marketing companies in India. The joint venture also offers terminalling services to marketing companies.
According to sources in IOC, IPPL currently handles a monthly cargo of roughly 20 to 25 thousand tonnes of LPG through oil jetty-1 (HOJ-1) at the Haldia port. However, the jetty is suffering from lack of draft thereby restricting entry of larger vessels. Accordingly, the joint venture is now commissioning a second jetty (HOJ-2) to augment handling capacities.
"We are expecting HOJ-2 to be commissioned in next few weeks following which IPPL will handle 30 to 35 thousand tonnes of LPG cargo a month through Haldia," an IOC official said.
IPPL's total handling capacity would increase dramatically once the company commissions its proposed second LPG terminal in Chennai. The Rs 300 crore project is aimed at handling six-lakh tonnes of LPG cargo every year.
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