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  1. Armand2REP

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

    You are talking about the lowest grade of coal full of moisture not fit for refineries. The grade of coal needed for 1 barrel per tonne is G2 which costs $50 a tonne based on Coal India pricing. The cost of liquifiying 1 tonne of coal was $14 in 2008 would be $17 today. $67p/b and the cost to...
  2. Armand2REP

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

    A Coal Liquification plant costs $10 billion as the initial investment, then add the cost per tonne of coal, then add the cost of liquification and it is $80 per barrel not including recouping the $10 billion. It is a huge investment that requires oil prices over $100p/b in order to get the...
  3. Armand2REP

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

    Coal liquification is expensive, it is easier and cheaper just to stash cheap crude in an underground basin in quantities large enough to ride out any supply shocks.
  4. Armand2REP

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

    French strategic reserves keep 90 days minimum. 10 days is not even enough to get the next shipment unloaded before it runs out.
  5. Armand2REP

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

    It is best to fill them up when the price of crude is low. With Iran sanctions the price is going back up.
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