Oil India Limited has entered into strategic agreements with Bharat Petroleum Corporation Limited and Numaligarh Refinery Limited to advance refining, petrochemical, and logistics projects. These partnerships aim to boost domestic energy capacity, streamline product evacuation, and support India’s long-term energy security and regional development goals.
Oil India Limited (OIL), a key public sector energy company, has formalised two major collaborations with BPCL and NRL during the 28th Energy Technology Meet in Hyderabad. The agreements are designed to enhance India’s refining and petrochemical infrastructure, particularly in South and Northeast India, while aligning with national energy transition goals.
Key highlights
- OIL and BPCL signed a memorandum of understanding to jointly develop a greenfield refinery and petrochemical complex at Ramayapatnam, Andhra Pradesh
- The proposed Ramayapatnam facility is expected to be South India’s first integrated complex of its kind
- OIL, BPCL, and NRL will also collaborate on a ₹3,500 crore cross-country pipeline to evacuate products from the expanded NRL refinery
- The partnerships aim to improve energy logistics, reduce import dependency, and support regional economic growth
- The MoUs were signed in the presence of senior officials from the Ministry of Petroleum and Natural Gas
Notable updates
- The Ramayapatnam project is part of a broader ₹1 lakh crore investment plan for South India’s energy infrastructure
- The pipeline will enhance connectivity between Northeast production hubs and national consumption centres
- These alliances reflect a coordinated push to build integrated, sustainable energy networks across India
Sources: Oil India Limited press release, Indian Masterminds, Sarkaritel, Energy Technology Meet 2025 coverage