Indian Oil to monetise pipeline assets

Time to read
less than
1 minute
Read so far

Indian Oil to monetise pipeline assets

Mon, 02/08/2021 - 15:21
0 comments
The Indian flag (copyright by Shutterstock/Niyazz)
The Indian flag (copyright by Shutterstock/Niyazz)

India’s Finance Minister, Nirmala Sitharaman in a recent budget speech announced plans to monetise (privatise) existing oil and gas pipeline infrastructure, which is operated by various state-owned assets including the Indian Oil Corporation (IOC), gas utility GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL).

Currently, IOC operates a pipeline network of over 14,600-km of pipelines that are used to transport crude oil to refineries and fuel to consumption points.

Latest Indian press reports suggest at least one or two IOC’s crude oil and petroleum product pipeline networks will be operated under a proposed acid monetisation plan. However, this will not mean the government giving up full control of the networks states Indian Oil Corporation’s finance director Sandeep Kumar Gupta.

It has been suggested that operating the Indian Oil Corporation’s pipeline assets under the proposed system will deliver huge financial opportunities for unlocking value. Local media report substantial investor interest

Add new comment

The content of this field is kept private and will not be shown publicly.

Text only

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.