‘Mangalore, Padur strategic oil storages to be completed by March 2014'

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September 27, 2013
New Delhi, Sep 27: India will build its first strategic oil storage by January in an effort to insulate itself from supply disruptions, Oil Minister M Veerappa Moily said today.
Padur

India, which is 79% dependent on imports to meet its crude oil needs, is building underground storages at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka to store about 5.33 million tonnes of crude oil. This is enough to meet nation's oil requirement for 13-14 days.

"The storage at Visakhapatnam is expected to be commissioned in January 2014," Moily said here.

Visakhapatnam facility would have the capacity to store 1.33 million tonnes of crude oil in underground rock caverns. Huge underground cavities, almost ten storey tall and approximately 3.3 km long are being built.

A similar facility in Mangalore will have a capacity of 1.55 million tonnes and would be mechanically completed by March 2014. A 2.5-million tonnes storage at Padur in Udupi district, would be completed by end of current fiscal, he said.

With the commissioning of Visakhapatnam storage, India will join nations like the US, Japan and China that have strategic reserves. These nations use the stockpiles not only as insurance against supply disruptions but also to buy and store oil when prices are low and release them to refiners when there is a spike in global rates.

Originally, India Strategic Petroleum Reserves Ltd (ISPRL), the state-owned firm building the strategic stockpile, was to build the Visakhapatnam facility by October 2011 while the Mangalore storages were to be mechanically completed by November 2012. The storage at Padur was scheduled for completion in December, 2012.

"Visakhapatnam storage is 94.6% complete, Mangalore is 89.2% and Padur is 86% complete," Moily said.

The Cabinet had in January 2006 approved building of the strategic crude oil storages at a cost of Rs 2,397 crore but due to cost and time overrun the capital required is now estimated at Rs 3,958 crore.

The Visakhapatnam facility will cost Rs 1,038 crore, Mangalore Rs 1,227 crore and Padur Rs 1,693 crore.

ISPRL has till date received Rs 2,529 crore from Oil Industry Development Board (OIDB) and Rs 100 crore from Hindustan Petroleum Corp Ltd (HPCL), officials said adding that the firm requires Rs 1,195 crore either from OIDB or the Government to complete the projects.

ISPRL would need Rs 490 crore in current fiscal and Rs 705 crore in the next, they said.

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News Network
December 7,2024

Udupi, Dec 7: A tragic incident involving the death of a 38-year-old hotel worker in Manipal has been confirmed as a case of suicide, dispelling initial reports of murder. Udupi Superintendent of Police (SP) Dr. Arun Kumar clarified the matter after an investigation, including CCTV footage review, revealed the victim, Sridhara, took his own life in a shocking and rare manner.

Incident Overview
The lifeless body of Sridhara, a resident of Kasarakoda and hotel employee in Manipal, was discovered early Friday near Ananta Kalyana Nagara. Initially, it was believed he had been murdered, his throat reportedly slit with a beer bottle. However, a detailed inspection of the scene and CCTV evidence from a nearby shop confirmed that Sridhara inflicted the fatal injury on himself.

Footage revealed the chilling sequence: Sridhara was seen walking purposefully to the spot before suddenly using a beer bottle to slit his throat, collapsing moments later. The act left his throat almost entirely severed, and the beer bottle, along with an empty bag, was found near his body.

Suspected Drug Influence
Authorities suspect Sridhara may have been under the influence of narcotics at the time. A post-mortem examination was conducted at KMC Manipal to uncover any potential contributing factors.

Public Concern and Investigation Status
Although the investigation has ruled out foul play, local residents have urged authorities to probe further to ensure no external involvement was overlooked. The police, while confident in their findings, have withheld the CCTV footage from public release due to the sensitive nature of the case and ongoing inquiries.

“This was a tragic and rare method of suicide, confirmed through thorough investigation and verified CCTV evidence,” SP Dr. Arun Kumar stated, urging the public to avoid speculation.

The incident has left the community in shock, sparking discussions around mental health awareness and the impact of substance abuse. Authorities continue to investigate further to close the case conclusively.

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News Network
November 29,2024

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Bengaluru: An FIR has been registered against Vishwa Vokkaliga Mahasamastana Mutt seer Kumara Chandrashekaranatha Swamiji for his communally provocative and anti-constitution remarks.

He made the statement during a protest meeting organised by the Bharatiya Kisan Sangh here on Tuesday against notices issued by Karnataka's Waqf board.

Urging everyone to unite to protect farmers and their land, Swami said that a law should be brought in where Muslims community don't have the voting power.

Stating that it should be ensured there is no Waqf board, he said someone taking away someone else's land is not "Dharma".

"...everyone should fight against injustice being caused to farmers...it is said that the Waqf board can claim anyone's land. It is a big injustice...someone taking away someone else's land is not Dharma... So, everyone should fight to ensure that farmers' land remains with them," the seer had said.

However, on Wednesday, Swami expressed regret over his statement, calling it a "slip of tongue".

He said Muslims are also citizens of this country, and they too have voting rights like others.

Based on the complaint by a social worker, the FIR was registered against him on Wednesday at Upparpet police station here, police said.

"We have registered a case against him (Swami) under section 299 (Deliberate and malicious acts, intended to outrage religious feelings of any class by insulting its religion or religious beliefs) of the Bharatiya Nyaya Sanhita," a senior police officer said.

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News Network
November 28,2024

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Mangaluru: The iconic Old DC office, a building steeped in 400 years of history, will be the centerpiece of the Heritage Week celebrations in the city. Once the administrative hub of the erstwhile Canara district during the British era, the building now serves as a symbol of Mangaluru’s rich heritage and cultural significance.

Historic Significance

Initially built during the rule of the Bangas under the Vijayanagara Empire, the structure was later converted into the collector’s office. Following an agreement between Tipu Sultan and the British in 1784, the building came under Tipu’s possession until his death. Subsequently, Major Sir Thomas Munro used it as the office for the first district collector.

The building has also seen historical milestones, including the participation of 88 individuals from the district in World War I (1914–1919), as recorded on a commemorative plaque on its exterior.

Heritage Festival: Echoes

To celebrate the city’s history and tourism potential, the Dakshina Kannada district administration is organizing "Echoes," a heritage festival on November 30 and December 1 at the Old DC office premises. The event will feature:

  • A heritage exhibition (open from 10 AM to 6 PM).
  • An art contest for school students.
  • Guided mini heritage walks open to all.
  • An urban sketching contest for college students.
  • A panel discussion on sustainability, followed by a prize distribution ceremony.
  • A musical evening featuring Sur Safar, a fusion band.

A Gateway to Tourism

The festival aims to draw attention to Mangaluru’s untapped tourism potential by blending art, history, and culture. It invites residents and visitors to rediscover the region’s legacy while fostering a sense of pride in its historical landmarks.

This initiative not only commemorates the past but also looks to inspire future efforts in heritage preservation and sustainable tourism.

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