budget oil reserve ur land revolution

INDIAN RESERVES BUILT AT $17 PER BARREL, GLOBAL AVERAGE, IS $23   

BY HPS AHUJA CEO & MD, ISPRL 

IN  FIRSTPOST.IN   

GREAT INDIA WILL SOON HAVE THE CAPACITY TO STORE CRUDE OIL IN UNDERGROUND CAVERNS THAT IT CAN CLIPS INTO TO MEETS 90 DAYS OF REQUIREMENTS IN CASE OF EMERGENCY. “WE CURRENTLY HAVE BUILT CAPACITY THAT CAN STORE ABOUT 9 DAYS OF CRUDE OIL REQUIREMENTS. THE OIL MARKETING COMPANIES HAVE 65 DAYS OF CRUDE STORAGE. AFTER COMPLETING THE SECOND PHASE OF STRATEGIC PETROLEUM RESERVES (SPRs}WE WILL ADD ANOTHER 12 DAYS OF CRUDE STORAGE CAPACITY, WHICH SHALL BRING THE TOTAL CRUDE RESERVES UPTO 86 DAYS. 

AS AND NOW, THERE ARE ABOUT 20 MILLIONS BARRELS OF CRUDE OIL STORE IN THREE PLACES IN VISAKHAPATNAM IN AP AND PADUR AND  MANGLORE IN KARNATAKA. IN THESE HALL PADUR HAS CAPACITY OF 2.5 MT MANGLORE HAS 1.5 MT AND VISHAKHAPATNAM 1.33MT 

ISPRL WAS BUILT WITH BUDGET OF ESTIMATION 4000 CRORE. GLOBAL ITS COST SPRS IS  $23BAREL WE BUILT WITH COST OF $17 BAREL.LABOUR  PROFIT.

COUNTRY IS PLANING TO BUILD SECOND PHASE ADDITIONAL 6.5 MT  FACILITIES AT CHANDIKHOL, ODISHA, AND PADUR, WITH A CAPACITY TO STORE 11.5 MT  CRUDE. THE WORK WILL THIS YEAR AND COMPLETE TILL 2025. 

ABU DHABI NATIONAL OIL COMPANY WILL FILL UP PART OF THE SPRS IN MANGLORE AND PADUR. STATE OWNED HINDUSTAN PETROLEUM CORPORATION LIMITED, WHICH HAS BORN PART OF THE COST FOR BUILDING  THIS FACILITY.  THE PADUR  SPRS HAS FOUR COMPARTMENTS  OF 0.625 MT OF OIL STOCK. WE ARE PLANING TO GIVE 4 COMPARTMENT  TO FOREIGN COMPANIES.

GREAT TIME FOR INDIAN IN EMERGENCY OR OIL CRISIS. GOOD FINANCIAL YEAR 2019-2020 .

 

 

 

 

 

 

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s