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India receives 1st parcel of Iranian oil for strategic storage
November 2016
India has imported the first parcel of Iranian oil to partly fill the underground strategic oil storage it has built at Mangalore.
Delay drains out energy
May 2015
Now let´s take stock of sector-wise performance of projects, their cost overrun and reasons. To start with, both projects in the atomic energy sector are delayed. During the month, project ´Prototype Fast Breeder Reactor´ (Bhavini, 500 MWE), has reported additional delay of18 months due to logjam in delivery of certain critical items on account of longer (than expected) time taken for rigorous testing and qualification.
Exploring strategic reserves
May 2015
The Government of India (GoI) had in 2004 decided to set up 5 million metric tons of strategic crude oil storages at Visakhapatnam, Mangalore and Padur, in order to ensure energy security, which in addition to the existing storages of crude oil and petroleum products with oil companies, serve as a cushion in response to external supply disruptions.
Shell joins India LNG project with raised 26 per cent stake
February 2015
India will make a provision in the budget to fill up strategic reserves for crude, media reports quoted oil minister Dharmendra Pradhan as saying, taking advantage of the falling global oil prices.
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