At the 28th Energy Technology Meet, Oil India Limited (OIL) formalized two major Memoranda of Understanding (MoUs) with Bharat Petroleum Corporation Limited (BPCL) and Numaligarh Refinery Limited (NRL) in the presence of Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas (MoPNG). These agreements mark a key step in OIL’s integrated growth strategy across refining, petrochemicals, and logistics infrastructure, reinforcing its commitment to a sustainable and self-reliant energy sector in India.
Under the first MoU with BPCL, the companies will explore collaboration on the development of BPCL’s upcoming Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port, Andhra Pradesh. The proposed facility will have a refining capacity of 9–12 MMTPA and an ethylene cracker unit of 1.5 MMTPA, with an estimated investment of ₹1 lakh crore (US$11 billion). Commercial operations are targeted for FY 2030. The partnership may include OIL taking a minority equity stake in the joint venture. The project has secured key statutory approvals and 6,000 acres of land from the Government of Andhra Pradesh, with pre-project activities underway.
Dr Ranjit Rath, Chairman & Managing Director of OIL and Chairman of NRL, stated “This collaboration reflects our strategic focus on midstream and downstream diversification. By joining forces with BPCL, we aim to leverage our combined capabilities to enhance energy security, create long-term value, and strengthen India’s refinery and petrochemical ecosystem. OIL is committed to integrated energy ventures that support sustainable national growth.”
Sanjay Khanna, Director (Refineries) and CMD (Additional Charge), BPCL, added “The Ramayapatnam project represents a major step in building world-class refining and petrochemical infrastructure in southern India. By partnering with OIL, we combine complementary strengths to deliver a project of strategic scale, contributing to India’s energy self-reliance and supporting the vision of Atmanirbhar Bharat.”
In a second initiative, OIL, BPCL, and NRL signed a tripartite MoU to improve petroleum product evacuation following NRL’s expansion from 3 MMTPA to 9 MMTPA. The agreement covers the development of a cross-country pipeline from Siliguri to Mughalsarai via Muzaffarpur, along with upgrades to depot infrastructure, with an estimated investment of ₹3,500 crore. Ownership of the project will be shared as BPCL 50%, OIL 25%, and NRL 25%.
The MoUs were signed in the presence of Pankaj Jain (MoPNG), Dr Ranjit Rath (OIL & NRL), Sanjay Khanna (BPCL), and Bhaskar Jyoti Phukan (NRL). These partnerships underscore OIL’s ongoing efforts to diversify strategically, expand its portfolio, and integrate midstream and downstream operations, aligned with the Government of India’s vision of self-reliance, sustainability, and national energy security.
