Indian Oil Corp (IOC) proposes to set up a greenfield 15 million tonne refinery in Gujarat on the west coast by the 13th Five Year Plan. The public sector oil explorer is said to have commissioned Engineers India to do a configuration and location study which is expected to be ready by year-end.
Following the study, IOC would commission a detailed feasibility report (DFR) for the project, which is part of its plans to almost double its refining capacity. The firm, at present, has seven refineries with a cumulative capacity of 54.2 million tonne per annum capacity.
Meanwhile, the company is in the process of hiring a contractor for service, maintenance and calibration of gas detectors at its Panipat refinery.