PPT & NRL sign Land Lease Agreement for crude oil import terminal plot

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Numaligarh Refinery Ltd (NRL) has entered into a Land Lease Agreement with Paradip Port Trust (PPT) for its 234.14 acres of land earmarked for a Crude Oil Import Terminal, informed a release. The agreement was signed last week.

The terminal is being set up as part of NRLs integrated refinery expansion project that is being implemented at an estimated cost of more than Rs 22,000 crore. The mega project envisages, among others, import of crude oil at Paradip Port and transport of the same by way of a new pipeline from Paradip, Odisha to Numaligarh, Assam, the release added.