Hello,
Some time back, I had written an article on nature of Strategic Petroleum Reserves.
You can read it here:
STRATEGIC PETROLEUM RESERVES AND ‘UN-FLAT’ NESS OF THE WORLD
Today, I have read another article related to growth of Strategic Petroleum Reserves in India.
Read it here: India responds to growth in oil imports
Currently, a 13 day reserve for India is being planned which is proposed to be increased to 90 days worth. So, which are the countries that are suitably covered by this 13 day storage?
Locations and travelling times for an oil tanker to travel from their port to an Indian Port of Paradip:
Thus, a SPR of 13 days will reduce the Indian dependency on Gulf states but will not cover the oil imports from African and South American countries. Details of port and OPEC annual production data are as under:
An SPR of 90 days will however cover all the oil imports requirements from the 13 places considered. However, we don't have the volumetric import data of India from each of these place which would help in preparing an optimization study.
Thank you.
References:
1. Transit Times and Distance using https://www.searates.com
Some time back, I had written an article on nature of Strategic Petroleum Reserves.
You can read it here:
STRATEGIC PETROLEUM RESERVES AND ‘UN-FLAT’ NESS OF THE WORLD
Today, I have read another article related to growth of Strategic Petroleum Reserves in India.
Read it here: India responds to growth in oil imports
Currently, a 13 day reserve for India is being planned which is proposed to be increased to 90 days worth. So, which are the countries that are suitably covered by this 13 day storage?
Locations and travelling times for an oil tanker to travel from their port to an Indian Port of Paradip:
Thus, a SPR of 13 days will reduce the Indian dependency on Gulf states but will not cover the oil imports from African and South American countries. Details of port and OPEC annual production data are as under:
An SPR of 90 days will however cover all the oil imports requirements from the 13 places considered. However, we don't have the volumetric import data of India from each of these place which would help in preparing an optimization study.
Thank you.
References:
1. Transit Times and Distance using https://www.searates.com
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