Vizag tank to keep India all fuelled up

Discussion in 'Economy & Infrastructure' started by JAISWAL, Feb 22, 2012.

  1. JAISWAL

    JAISWAL Senior Member Senior Member

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    Union petroleum minister S. Jaipal Reddy on Monday said that a massive underground strategic oil storage facility is being built in the port city of Visakhapatnam to help India tide over international crises that may affect fuel supply to the country.

    The facility will be completed in four months, Reddy said.

    “Around 13 lakh tonnes of petroleum res-erves can be stored in the cavern which can support the country’s fuel needs for 90 days during any global eventuality,” he said.

    The government is setting up massive oil storage facilities in underground rock caverns at Mangalore in Karnataka and at Vizag. These would be in addition to the existing stores of crude oil and petroleum products with the oil companies and will provide an emergency response in case of short-term supply disruptions during any global crises.

    “I was there at the cavern yesterday and it was a spectacular sight. I was overwhelmed to see such a massive underground storage which is as tall as a 10-storey building. I wish to be in Vizag again within three to four months to commission it,” said Reddy.

    The minister was in Vizag to dedicate HPCL’s Clean Fuels Project to the nation. The project, costing Rs 2,200 crores, would be useful in producing Euro IV standard fuel.

    Vizag already houses an underground facility to store LPG, the first of its kind in Southeast Asia. A joint-venture of HPCL with oil major TOTAL of France, the Cavern Marine Terminal can hold 60,000 million tonnes of LPG storage. Built at the cost of Rs 333.3 crore, the LPG facility was completed in 2007.
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    Vizag tank to keep India all fuelled up | Deccan Chronicle
     
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  3. KS

    KS Bye bye DFI Veteran Member

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    As an emerging power India should atleast have 90 days of strategic reserves in mountains in south india.
     
  4. Iamanidiot

    Iamanidiot Elite Member Elite Member

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  5. warriorextreme

    warriorextreme Senior Member Senior Member

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    Andhra, K’taka to have huge oil storage caverns | The Asian Age

    Andhra, K’taka to have huge oil storage caverns

    Union petroleum minister S. Jaipal Reddy said on Monday that a massive underground strategic oil storage facility was being built in the port city of Visakhapatnam to help India tide over international crises that may affect fuel supplies to this country. It will be ready in four months, the minister said.
    “Around 13 lakh tonnes of petroleum reserves can be stored in the cavern, which can support the country’s fuel needs for 90 days during any global eventuality,” he added.
    Besides Vizag, the government is setting up another such facility in an underground rock cavern at Mangalore in Karnataka. These will be in addition to existing stores of crude oil and petroleum products with the oil companies, and will be of help in case of short-term supply disruptions during global crises.
    “I was there at the cavern yesterday and it was a spectacular sight. I was overwhelmed to see such a massive underground storage which is as tall as a 10-storey building. I wish to be here in Vizag again within three to four months to commission it,” Mr Reddy said.
    The minister was in Vizag to dedicate to the nation HPCL’s Clean Fuels Project, costing `2,200 crores, which would be useful in producing Euro-IV standard fuels.
    Vizag already has an underground facility to store LPG. A joint venture of HPCL with French oil major Total, the Cavern Marine Terminal can hold 60,000 million tonnes of LPG. Built at a cost of `333.3 crores, it was completed in 2007.

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    :thumb:
     
  6. Iamanidiot

    Iamanidiot Elite Member Elite Member

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  7. debasree

    debasree Regular Member

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  8. sayareakd

    sayareakd Moderator Moderator

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    [​IMG]

    it is big enough to put few ATVs..........
     
    parijataka and Kunal Biswas like this.

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