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However, India continued to be impacted by the volatility of oil prices. In 1998, the Atal Bihari Vajpayee administration proposed building petroleum reserves as a long-term solution to managing the oil market. [9] Three storage facilities were built in underground locations in Mangalore, Visakhapatnam and Padur. A total of 5.33 MMT (million ...
After discovery of oil in the Assam state of India in late 1880s, the first oil refinery was set up at Digboi. Digboi Refinery was commissioned in 1901. [1] Following is a list of oil refineries in India, per the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas, Government of India, [2] arranged in decreasing order of their capacity.
Storage capacity was around 55 million barrels as of year-end 2012. The country's largest oil storage facility is located on Jurong Island and can store about 17 million barrels. As of 2013, the Singapore government maintains strategic petroleum reserves of about 32 million barrels of crude oil and 65 million barrels of refined petroleum products.
[4] [5] The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day. [6]
India was the second top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [4] By March 2021, India's domestic crude oil production output fell by 5.2% and natural gas production by 8.1% in the FY21 as producers extracted 30.4917 Mt of crude oil and 28.67 BCM of natural gas in the fiscal year.
Indian Oil's cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km. The company has a throughput capacity of 80.49 million tonnes per year for crude oil and petroleum products and 9.5 million cubic metres per day at standard conditions for gas.
Paradip Refinery is an oil refinery set up by Indian Oil Corporation in Paradip town in the state of Odisha. It was commissioned in 2016 with an installed capacity of 15 million tonnes per year. [1] This refinery is spread over approximately 3,345 acres of land and is situated approximately 5 km southwest from the Paradip Port. [2]
Before its acquisition by ONGC in March 2003, MRPL was a joint venture oil refinery promoted by HPCL, a public sector company and IRIL & associates (AV Birla Group). [7] MRPL was set up in 1988 with an initial processing capacity of 3.0 million metric tonnes per annum which was later expanded to the present capacity of 15 million metric tonnes ...