Mumbai: Indian Oil Corp will infuse Rs 3,500 crore to lay 2,080 km of crude oil and petroleum product pipeline by 2011-12. Of the 2,080-km pipeline, 730 km will be for crude oil and the balance1,350 km for moving petroleum products. IOC already has ongoing pipeline projects covering 1,573 km, comprising 370 km for crude oil and the balance for petroleum products, being set up at a cost of Rs 2,271 crore. In India, pipelines constitute 31-34 per cent of the total transportation pie for petroleum products while rail and road along with coastal modes, account for 30-33 per cent and 33-39 per cent. IOC is also placing a pipeline to transport liquefied petroleum gas from Panipat to Jalandhar and has plans for many more such pipelines.
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