Chennai Petroleum will operate the upcoming Nagapattinam liquids storage terminal, located in Tamil Nadu in India. Expected to start operations in 2025, the liquids storage terminal will be owned by Indian Oil, National Iranian Oil, and others.
Expected to be operational in 2025, the terminal will primarily store chemicals, crude oil, and petroleum products and will have pipeline and sea access.
Key specifications of the storage terminal-
Storage Capacity (bbl): 86,69,231
Tank Size Min (bbl): 10,693
Tank Size Max (bbl): 3,77,388
Number of Tanks: 79
During the period 2021-2025, the Nagapattinam storage terminal is expected to witness an estimated capex of $513.2m.
About Chennai Petroleum
Chennai Petroleum Corp Ltd (CPCL) formerly known as Madras Refineries Limited (MRL), is a state-owned oil refining company. It is a subsidiary of Indian Oil Corporation Limited. The company offers a range of petroleum and specialty products. CPCL’s product portfolio includes liquefied petroleum gas, superior kerosene, motor spirit, aviation turbine fuel, naphtha, high-speed diesel, bitumen, paraffin wax, lube base oils, furnace oil, propylene, butane and hexane among others. CPCL owns and operates two refineries: Manali Refinery in Himachal Pradesh and Cauvery Basin Refinery (CBR) in Nagapattinam, Tamil Nadu The company caters its products to various industries that include fertilizers, power, petrochemicals, roadways, railways and airways. The company is a joint venture between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC). CPCL is headquartered at Chennai, Tamil Nadu, India.
Methodology
Information on the liquids storage terminal is sourced from GlobalData’s liquids storage terminal database that provides detailed information on all active and upcoming, liquids storage terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.