Indian Oil will operate the upcoming Asanur liquids storage terminal, located in Tamil Nadu, India. According to GlobalData, who tracks more than 5,000 active and developing liquids storage terminals worldwide, the liquids storage terminal will be owned by Indian Oil and is expected to start operations in 2022. Buy the profile here.
Expected to be operational in 2022, the terminal will primarily store chemicals and petroleum products and will have pipeline and road access.
Key specifications of the storage terminal-
Storage Capacity (bbl): 5,08,656
Tank Size Min (bbl): 314
Tank Size Max (bbl): 94,347
Number of Tanks: 17
During the period 2021-2025, the Asanur storage terminal is expected to witness an estimated capex of $15.79m.
About Indian Oil
Indian Oil Corp Ltd (IOCL) is an integrated oil and gas company. The company conducts exploration and production of oil and natural gas, refining of crude oil, pipeline transportation and marketing of natural gas and petroleum products. It also manufactures and markets petrochemicals and has considerable operations in alternative energy. IOCL’s refined petroleum products include high speed diesel, jet fuel, light petroleum gas, gasoline, bitumen, heavy fuel oil, naphtha, lubricants and greases. The company formed subsidiaries in Sri Lanka, Mauritius, the UAE, Sweden, USA and the Netherlands. It is a Maharatna company of Government of India. IOCL is headquartered in New Delhi, India.
For more details on the Asanur liquid storage terminal, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
