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The commissioning of IndianOil's Rs 1,178-crore Paradip-Haldia crude pipeline inclusive of single point mooring (SPM) and storage facility at Paradip is delayed till January-February 2007. The pipeline was originally slated to be commissioned in March 2006 and was later postponed till July this year.

Since the pipeline is expected to improve the refining margins of Haldia and Barauni refineries by at least $1 per barrel, the delay in commissioning would impact both the refineries. "There are some technical problems and the project now expected to be commissioned not before January-February 2007," a company official said.

Meanwhile, IOC has identified technologies for all major project components of the proposed refinery-cum-petrochemicals complex at Paradip. "Out of four major components, we have already selected technologies for three. We expect to complete the residual identification process soon and approach the board for requisite approval in September," the official said.

(This article was published in the Business Line print edition dated September 2, 2006)
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