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BULLETIN
No.12/ 2002
India
Port Mundra
Agreement to handle IOC crude oil imports
Indian Oil Corporation (IOC) has signed a 28-year agreement with Mundra Port for utilizing its port
infrastructure facilities for import of crude oil needed for its upcoming Panipat refinery.
Under the agreement, Mundra Port will build a Single Point Mooring system (SPM) within its port limits,
capable of berthing very large Crude oil carriers (VLCCs) each carrying 300,000 tonnes of crude oil.
While the Crude oil terminal (COT) will be constructed, operated and maintained by IOC, the crude oil will
be transferred via 17.0 km of marine and on-shore pipeline to the COT.
The SPM will be constructed, operated and maintained by Mundra port for the tenure of the agreement.
In the initial phase, the SPM will handle up to 7.5 MT of crude, designed to handle 21 MT of crude to meet
the future requirement of IOC refineries in Northern and Western India.
It is the first time in the Indian maritime history that the port will set up a Single Point Mooring system as
well as operate and maintain it, which until now has been done only by Oil majors.
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OPERATIONS BULLETIN
Issued: 16th October 2002
End
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No.11 / 2002