REFINERY AND PIPELINE IN INDIA

Indian firms are increasing plant capability and coming up with several green-field refineries. The oil majors of the world are seriously evaluating investments in India. Recently Bharat Petroleum declared the understanding for forming a venture with HPCL (Hindustan oil Corporation Ltd.) for a grassroots refinery. RIL has conjointly declared their interest in increasing processing capability from thirty three MMTPA to fifty MMTPA. India has ambitions to become the hub for oil product exports. Demand for oil product within the Asia Pacific region is calculable to be around twenty five to twenty seven million barrels per day (1.2-1.3 billion tonnes per year) in the year 2010. China with a requirement of around nine million barrels per day (447 million tonnes per year) and Japan at 5.2 million barrels per day (260 million tonnes per year) are expected to dominate future demand for energy product. However, the processing capability within the Asia Pacific region is expected to extend from the present twenty 1.9 million barrels per day (1.09 billion tonnes per year) to a most of twenty five million barrels per day within the year 2010 (Source : business Sources). The export potential in addition to the additional capability additions and new refineries offer a singular opportunity for potential investors. The chance exists within the type of investment in capability additions to the present refineries and forming consortium with non-public and NOCs to line up new refineries. Oil and gas courses in Kerala.

Major oil and organic compound firms would realize chance to partner with NOCs in their green field and enlargements. Further, equipment and technology suppliers will contribute to those that come with their specialized offerings with reference to engineering services, automation, IT, equipment etc. Under the steering of Ministry of fossil oil & Natural Gas and NOCs viz. Indian Oil and HPCL have decided on conducting experiments with numerous mixtures of bio diesel with diesel in State Transport buses in Haryana, Gujarat and urban center. Indian Oil has conjointly signed a MoU with Indian Railways for plantation of Jatropha curcus on railway land. In October 2005, the MoPNG has announced a bio-diesel purchase policy that comes into result from 1.1.2006. As per the policy the NOCs shall purchase bio-diesel of prescribed BIS specification from registered authorized suppliers through twenty purchase centers at a regular worth of US $ .55 per metric capacity unit. The acquisition price would be reviewed by the oil firms each six months with due consideration to plug conditions. Small and medium entrepreneurs would find opportunities in Bio-diesel conversion.

Crude and refined product pipeline infrastructure across the country would need to grow as works capacities grow. As per the present plan, crude and refined product pipeline infrastructure would increase between 4,065 km and 15,788 kilometer . As per the Tenth set up document of designing Commission, gas pipeline investments to the order of US$ 4.6 – 5.7 billion are expected within the plan amount ending 2007. The extra gas currently found within the kilogram basin on the eastern coast is predicted to be monetised between 2008 and 2011, for which extra pipeline investments are predicted. This demand of increase within the pipeline infrastructure within the country would give opportunities for the international gas (transportation) corporations, engineering corporations, EPC contractors and vendors of pipeline and equipments. Oil and Gas Institute