Crisis management: India to set up four more strategic oil reserves, p

Discussion in 'Defence & Strategic Issues' started by Srinivas_K, Sep 12, 2014.

  1. Srinivas_K

    Srinivas_K Senior Member Senior Member

    Joined:
    Jun 17, 2009
    Messages:
    4,676
    Likes Received:
    3,355
    Crisis management: India to set up four more strategic oil reserves, petroleum minister Dharmendra Pradhan says

    BHUBANESWAR: The Centre has chalked out plans to set up at least four more strategic oil reserves in the country in a bid to store adequate stock for meeting 90-100 days requirement during any crisis.

    "It is planned to reserve crude oil for 90-100 days to meet the requirement during emergency situations and crisis. The present storage capacity is 70-75 days and the four proposed projects will raise it further," petroleum minister Dharmendra Pradhan told reporters here.

    At present, there are three strategic reserves — one in Andhra Pradesh and two in Karnataka — while four more such facilities were proposed to be set up at Bikaner in Rajasthan, Rajkot in Gujarat, Padur in Karnataka and Chandikhole in Jajpur district of Odisha, the minister said.

    READ ALSO: India's oil reserve buffer set for major boost

    The new reserves would have a combined capacity of around 12.5 million metric tonnes, Pradhan said, adding the largest petro reserve was proposed to be set up in Odisha's Chandikhole with an investment of Rs 3,800 crore.



    The strategic oil reserves would enable the country to meet the requirement during any crisis as India depends heavily on crude imports, he said.

    Pradhan, who met chief minister Naveen Patnaik during the day, said he has asked Odisha government to provide 400 acres of land to set up the country's largest strategic reserve for storing 3.7 million metric tonne (MMT) crude oil at Chandikhol.

    The project envisages storing eight days' requirement of crude oil in the country.

    Union petroleum ministry has already set up a special purpose vehicle (SPV) named Indian Strategic Petroleum Reserves Ltd for setting up such reserves across the country.

    Crisis management: India to set up four more strategic oil reserves, petroleum minister Dharmendra Pradhan says - The Times of India
     
    AVERAGE INDIAN and ladder like this.
  2.  
  3. archie

    archie Regular Member

    Joined:
    Nov 20, 2013
    Messages:
    453
    Likes Received:
    229
    Location:
    India
    Re: Crisis management: India to set up four more strategic oil reserve

    One of the Comments on the article

    "this project saw green light in 2012. so this isn't this govt's initiative but the previous govt's actually. we started being on the 3 rock caverns under phase-1. its almost complete now. phase-2 will see the 4 salt caverns. i was part of the team of engineering consultants who made the detailed feasibility report of both the phases of this sub surface project for isprl. was also part of the team that designed the rock caverns. its one of the very few good things the congress govt did actually."

    Seems like Big caravans.. is it not better to fill it with refined petrolum products?
     
  4. sgarg

    sgarg Senior Member Senior Member

    Joined:
    Sep 9, 2014
    Messages:
    3,479
    Likes Received:
    962
    Re: Crisis management: India to set up four more strategic oil reserve

    I think only unrefined petroleum is put into salt/rock caverns. The refined products are stored in steel tanks.
     

Share This Page