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Saturday, January 03, 2015

IOC to speed up Paradip refinery launch

Indian Oil Corporation on the first day of 2015 said it would begin the process of commissioning its long delayed project of Rs 34,500-crore Paradip refinery in Odisha from the first quarter.
The refinery is configured to process the toughest, heaviest and dirtiest crude such as Maya of Mexico, which are cheaper than the cleaner and more easily processed varieties from West Asia.
The refinery will have a Nelson complexity index of 13, highest in the world.

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