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ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas. ISPRL maintains an emergency fuel store of total 5.33 MMT (million metric tons) or 36.92 million barrels (5.870 million cubic metres ) of strategic crude oil enough to ...
Reuters reported last month that India had changed its policy to allow the Indian Strategic Petroleum Reserves Ltd (ISPRL), which manages the federal oil inventories, to lease 30% of its overall ...
The crack spread X:Y:Z reflects the spread obtained by trading oil, gasoline and distillate according to this ratio. Widely used crack spreads have included 3:2:1, 5:3:2 and 2:1:1. [1] As the 3:2:1 crack spread is the most popular of these, widely quoted crack spread benchmarks are the "Gulf Coast 3:2:1" and the "Chicago 3:2:1". [citation needed]
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
Lemont Refinery is an oil refinery in Romeoville, Illinois owned and operated by Citgo Petroleum Corporation.Originally constructed in the early 1920s, it was reconstructed between 1968 and 1970 by its then owner Union Oil [1] and has a current crude processing capacity of 177,000 barrels per day. [2]
Downsizing and plant closures continued into the 1990s and 2000s, and the US Dept of Commerce estimates that today fewer than 25,000 people are employed in the steel industry in the Chicago–Joliet–Naperville, IL–IN–WI Metropolitan Statistical Area (18,000 of whom are actually in Northwest Indiana.
Patoka is the main oil terminal in the region where oil was first discovered in 1938. [5] Tax revenue from operations are collected and distributed by Marion County, Illinois . It was reported by the Chicago Tribune that Dakota Access paid approximately $750,000 in tax revenue for its operations in Illinois.
On July 23, 1984, an explosion and fire took place at a Union Oil Lemont Refinery in Romeoville, Illinois, outside Chicago, killing 17 people and causing major property damage. [2] The explosive force propelled the upper portion 14 metres (46 ft) of the vessel a distance of 1 kilometre (0.62 mi) from its original location, while the base ...