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MANGALORE STRATEGIC STORAGE
ONGC to enter oil trading, build strategic reserves as upstream remains coreONGC plans to enter crude and petroleum product trading operations soon. A new strategic petroleum reserve will be built in Mangalore. Expl...- GAIL plans major expansion in gas, petrochemicals and clean energy, says chairmanGAIL plans pipeline expansion and diversified LNG sourcing for energy security. The company is scaling up petrochemicals and LPG infrastruc...
- Hormuz uncertainty pushes landed costs up to 50%, raising risk of higher consumer pricesThe escalating unrest near the Strait of Hormuz is causing a notable spike in shipping expenses for businesses in India. An increase in fre...
- ONGC to undertake 1.75 MMT strategic oil reserve expansion at MangaluruONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's ...
- India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrelsIndia and the UAE are boosting energy security. Plans are underway to significantly expand India's strategic oil reserves with UAE-linked c...
- Government allows UAE's Adnoc to export oil from Indian strategic storageIn an order, the ministry said the condition of export being allowed only through IOC will continue, but "AMI (Adnoc Marketing Internationa...
- India saved Rs 5,000 crore by filling strategic reserves with low-priced oil: Dharmendra Pradhan"Taking advantage of the low crude oil prices in the international market, India purchased 16.71 million barrels (mbbl) of crude in April-M...
- IOC gets 1st shipload of oil from UAE to fill strategic reservesWhile the 5.33 million tonne of emergency storage -- enough to meet its oil needs for 9.5 days -- was built in underground rock caverns in ...
- Abu Dhabi National Oil Company to fill up half of Padur strategic crude oil storageADNOC had in February 2018 signed a pact to fill half of the 1.5 MT strategic oil storage at Mangalore.
- Abu Dhabi oil company hires India's strategic oil storageADNOC had in February this year signed a pact to fill half of the 1.5 MT strategic oil storage at Mangalore. On Monday it signed a similar ...
- Foreign oil companies exempt from tax on sale of storage leftoverTill now, exemption from payment of income tax was available only during the duration of the contract a company entered into for hiring the...
- Government to build 2 crude oil storages in Odisha, RajasthanAnnouncing the two new facilities at Chandikhol in Odisha and Bikaner in Rajasthan, Finance Minister Arun Jaitley in his Budget for 2017-18...
- India-UAE strategic oil reserves deal: 10 things to knowThe deal is part of New Delhi's strategic petroleum reserve system, an emergency underground storage of 36.87 million barrels of crude oil.
- India invites global bids for filling strategic oil storageIndia has built three underground oil storages at Vishakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka.
- Three foreign oil companies keen on hiring strategic oil storages"ADNOC of UAE, Saudi Aramco of Saudi Arabia and Shell have expressed their interest in storing crude oil in the strategic petroleum reserve...
- India receives 1st parcel of Iranian oil for strategic storageThe first parcel of 260,000 tons of Iran Mix crude was received in very large crude carrier Dino. The crude is being pumped underground.
- National oil companies in mid-east keen to hire storage in IndiaThe oil companies want to use the caverns on the west coast for commercial storage of oil which they can use to supply to refiners.
- UAE, Kuwait offer to hire part of India's strategic oil storageUAE's oil company Adnoc and Kuwait Petroleum Corp have shown interest in hiring a part of India's under-construction strategic storage.
- Strategic oil storage facility to be commissioned in JanuaryIndia is building underground storages at Visakhapatnam and Mangalore and Padur in Karnataka to store about 5.33 million tonnes of crude oi...
- India to build its first strategic oil storage by January 2014India will build its first strategic oil storage by January in an effort to insulate itself from supply disruptions, Oil Minister M Veerapp...
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