Indian Institute of Petroleum and Energy (IIPE), Visakhapatnam, a domain-specific Institute at par with IITs and IIMs, is established by the Government of India under the aegis of the Ministry of Petroleum and Natural Gas (MoPNG) in the year 2016. The Indian Institute of Petroleum and Energy Act, 2017 (No.3 of 2018) enacted by the Parliament and declared the Institute as an 'Institution of National Importance'. IIPE has achieved this prestigious status by joining with the major oil and gas corporations such as HPCL, IOCL, ONGC, OIL & GAIL.
IIPE is a research focussed Institute with an emphasis on the emerging areas in the energy sectors, namely Shale Gas, Coal Bed Methane, Gas Hydrates, Conventional Energy Sources, Renewable Energy Sources, Storage, and downstream activities of oil & gas. The academic and research activities of IIPE derive strength from Institute's proximity to sector-related activities such as projects at the KG Basin, Vishakha Refinery, and the planned Petrochemical Complex at Kakinada. The Institute also enjoys a strong relationship with the industry regarding teaching, research, and students' training & placement. A primary goal of research at IIPE has been to meet the country's fossil fuel and renewable energy demands. However, given its position as an energy institute, IIPE also has a great responsibility to contribute toward achieving the United Nations Sustainable Development Goals, i.e., ensuring access to affordable, reliable, and sustainable modern-day energy for all. The Institute has also embarked on an ambitious path to be the country's energy hub.
The Institute also aims to produce skilled manpower to meet the quantitative and qualitative gap in Petroleum & Energy sectors and to boost the research activities needed for growth of these sectors by nurturing and promoting the quality and excellence in education and research in various areas of petroleum and energy through the programs leading to the award of the Bachelors, Masters and Doctoral degrees.
The Institute presently offers 4-year B.Tech courses in Petroleum Engineering and Chemical Engineering based on JEE (Advanced) rankings and Ph.D. programmes. The curriculum of the Institute is domain specialized and in line with the needs of the industries. The faculty of the Institute are from various IITs across the country, having very high academic credentials, research base, and international exposure.
The Institute has academic alliances with many IITs and specific domain international Institutions such as Texas A&M University and Petroleum Research School of Norway in the areas of research & consultancy, faculty exchange programs, student exchange programs, summer internships, and joint research programs. The Institute has established alliances with industries for research and consultancy, program development, guest lectures, internships, and placements.
The Institute is presently operating its academic activities from its temporary campus. The Institute has its own state-of-the-art laboratories, research infrastructure, e-library, etc. The permanent campus of IIPE is being planned in the beautiful and natural environment of hilly ranges in the Anakapalli district in Andhra Pradesh.