As per the Andhra Pradesh Reorganisation Act, 2014, Government of India had agreed to establish institutions of national importance in Andhra Pradesh, one of them being a Petroleum University. In pursuance of this, Indian Institute of Petroleum and Energy is being set up at Visakhapatnam, Andhra Pradesh. The institute will primarily focus on teaching and research in petroleum and energy. IIT Kharagpur will be the mentor institute for the establishment of IIPE.
Government of Andhra Pradesh has allotted 150 acres of land free of cost in Visakhapatnam district for setting up the permanent campus of IIPE and has facilitated the provision of a temporary campus in the Engineering College, Andhra University, Visakhapatnam.
IIPE will commence its academic programmes from the Academic Year 2016-17 at its temporary campus by offering undergraduate programmes in Petroleum Engineering and Chemical Engineering. Admission to these programmes will be on the basis of scores in JEE (Advanced) 2016-17.