The Government of India, under the Andhra Pradesh Reorganization Act 2014, has agreed to establish a Petroleum University of national importance in the state of Andhra Pradesh. The State Government of Andhra Pradesh has allotted land measuring 150 acres at Anthakapalli Village, Visakhapatnam for the permanent campus of Indian Institute of Petroleum & Energy (IIPE). Till such time as the IIPE sets up its own campus, the institute will operate from its temporary campus at Andhra University College of Engineering (A), Visakhapatnam, effective academic session 2016-2017, in line with the MoU between Andhra University and IIPE for sharing infrastructure / resources. Further, other facilities such as Laboratories, workshops, e-library, wi-fi etc will be made available for the students of IIPE by Andhra University. A Society has been registered titled Indian Institute of Petroleum & Energy with 9 members viz., C&MD HPCL (President), Secretary-Industries & Commerce Department, AP Government, Chairman IOCL, C&MD ONGC, C&MD GAIL, C&MD Oil India Limited, ED-HR HPCL (Secretary), FA&CAO OIDB (Treasurer) and Prof K S Gandhi, Professor Emeritus, Department of Chemical Engineering, Indian Institute of Science, Bangalore. A Memorandum of Understanding has been signed between IIT-Guwahati (JEE Advanced 2016) and IIPE (signed by RGIPT on behalf of IIPE) for the selection of candidates with regard to admission for the academic session 2016-17 at IIPE for B.Tech courses (Chemical Engineering and Petroleum Engineering) on the basis of Rank List.