Barmer Refinery

Barmer Refinery is an upcoming public sector refinery and petrochemical complex in the Pachpadra near Balotra in Barmer district of Rajasthan, India.[1] It is joined owned by Hindustan Petroleum Corporation Limited and Government of Rajasthan. This refinery will be connected with Jamnagar Refinery and Bathinda Refinery through Amritsar Jamnagar Expressway.[2] Barmar refinery will be second largest crude oil reserve for India.[3]

Barmer Refinery
Location of Barmer Refinery
CountryIndia
StateRajasthan
CityBarmer
Coordinates25.94364°N 72.203672°E / 25.94364; 72.203672
Refinery details
OperatorHPCL
Owner(s)HPCL and Government of Rajasthan
Capacity9×106 tonne/a (refining)
2×106 t/a (petrochemicals)

Developments

The government will set up petrochemicals hub near the refinery.[4] The government had started work building its international hub; and high-level infrastructure for petroleum, chemicals and petrochemicals has began near the refinery. An area of 100 sq km have been identified near refinery to build processing unit and large industries have started.[5]

Construction and capacity

The foundation stones of the project were laid on 22 September 2013 by then Indian National Congress president Sonia Gandhi.

The projects kick-started only after the Prime Minister Narendra Modi inaugurated the works on 16 January 2018. The project is planned to be completed by 2022-23.[6]

The project has planned capacity of 9 million tonne per year of refining capacity and 2 million tonne per year of petrochemical complex capacity. It will be spread across 4400.40 acres of land.[6]

The 50 percentage work of refinery had completed.[4]

Financing and outcomes

Barmer Refinery is owned by a joint venture between HPCL (owning 74% stakes) and Government of Rajasthan (owning 26% stakes). In January 2019, the project was announced to be worth ₹43,129 crore (US$6.0 billion). Around 66% of the finances (worth ₹28,753 crore (US$4.0 billion)) would be arranged through loan from joint consortium of lenders; State Bank of India being prime lender with over 50% contribution.[6]

HPCL Managing Director M. K. Surana said the project would employ 40,000 people directly and 60,000 people indirectly.[7] More employment will be given to local people.[4]

RIICO will invest ₹1 lakh core in Barmar Refinery.[3]

See also

References
  1. "Gehlot reviews ongoing work at Barmer refinery". outlookindia.com. Retrieved 2020-08-20.
  2. "Construction of Amritsar Jamnagar Expressway to start soon".
  3. Network, Elets News (2020-08-08). "RIICO Taking Effective Measure to Lure Investments post-COVID: Ashutosh Pednekar - eGov Magazine | Elets". eGov Magazine. Retrieved 2020-08-20.
  4. Nov 5, TNN /; 2019; Ist, 04:41. "Refinery project to be completed by 2022: CM | Jaipur News - Times of India". The Times of India. Retrieved 2020-08-20.CS1 maint: numeric names: authors list (link)
  5. "रिफायनरी के 250 वर्गकिमी. में अब होगा पेट्रोलियम, रसायन और पेट्रोकेमिकल्स Investment Area!". Patrika News (in Hindi). Retrieved 2020-08-20.
  6. PTI (28 January 2019). "HPCL's Barmer refinery achieves financial closure". Economic Times. Retrieved 31 January 2019.
  7. "Barmer oil refinery back on track". The Hindu. 23 June 2019. Retrieved 20 September 2019.
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