ID :
24764
Thu, 10/16/2008 - 10:04
Auther :
Shortlink :
http://m.oananews.org//node/24764
The shortlink copeid
IOC offers to meet fuel demand of SAARC region
New Delhi, Oct 15 (PTI) State-run Indian Oil Corp (I.O.C.)has offered to meet all of the fuel deficit in South Asian Association for Regional Coopertation (S.A.A.R.C.) region by expanding some its existing refineries.
S.A.A.R.C nations, including Bangladesh, Pakistan, Sri
Lanka and Nepal are projected to have a fuel deficit of 17.05
million tons by 2015 and 20.85 million tons by the year 2020.
The Energy Research Institute (T.E.R.I.), who was asked
by S.A.A.R.C Secretariat in Kathmandu to suggest ways to
meeting the demand, proposed setting up a regional 23 million
tons capacity refinery.
IOC in its comments on the proposal said single location
refinery would not be economically viable to meet all of the
S.A.A.R.C demand.
"In case, other countries accept long-term tie up with
I.O.C. for supply of petroleum products, I.O.C. can suitably
expand some of its existing refineries to meet their
requirement on mutually agreed terms based on international
prices," the company said.
I.O.C. and its subsidiaries units have proximity to all
the S.A.A.R.C countries except Afghanistan.
The company said as the S.A.A.R.C countries were spread
out from Nepal, Bhutan, Bangladesh in the North-East, Sri
Lanka and Maldives in the south and Pakistan, Afghanistan on
the north-west part of India, there would have to be two or
three coastal refineries to minimise the logistic costs.
If coastal refineries are to be built, they should be of
minimum economic size, I.O.C. said. Besides cost, the proposed
units would have an adverse impact on environment in terms of
emissions of green house gases.
Of the total fuel deficit in S.A.A.R.C countries, diesel
demand would be about 11 million tons in 2015 and 15 million
tons in 2020.
"Pakistan, Sri Lanka and Bangladesh are observed to be
the major deficit countries," I.O.C. said.
In 2015, Sri Lanka would have a fuel deficit of 6.1
million tons while Pakistan would need to import 4.60 million
tons of products. Bangladesh would require 3.3 million tons of
products from outside.
For Pakistan, the deficit would widen to seven million
tons by 2020 while Bangladesh would see minor addition to 4.3
million tons. Sri Lanka's deficit would remain at 6.1 million
tons. PTI ANZ
S.A.A.R.C nations, including Bangladesh, Pakistan, Sri
Lanka and Nepal are projected to have a fuel deficit of 17.05
million tons by 2015 and 20.85 million tons by the year 2020.
The Energy Research Institute (T.E.R.I.), who was asked
by S.A.A.R.C Secretariat in Kathmandu to suggest ways to
meeting the demand, proposed setting up a regional 23 million
tons capacity refinery.
IOC in its comments on the proposal said single location
refinery would not be economically viable to meet all of the
S.A.A.R.C demand.
"In case, other countries accept long-term tie up with
I.O.C. for supply of petroleum products, I.O.C. can suitably
expand some of its existing refineries to meet their
requirement on mutually agreed terms based on international
prices," the company said.
I.O.C. and its subsidiaries units have proximity to all
the S.A.A.R.C countries except Afghanistan.
The company said as the S.A.A.R.C countries were spread
out from Nepal, Bhutan, Bangladesh in the North-East, Sri
Lanka and Maldives in the south and Pakistan, Afghanistan on
the north-west part of India, there would have to be two or
three coastal refineries to minimise the logistic costs.
If coastal refineries are to be built, they should be of
minimum economic size, I.O.C. said. Besides cost, the proposed
units would have an adverse impact on environment in terms of
emissions of green house gases.
Of the total fuel deficit in S.A.A.R.C countries, diesel
demand would be about 11 million tons in 2015 and 15 million
tons in 2020.
"Pakistan, Sri Lanka and Bangladesh are observed to be
the major deficit countries," I.O.C. said.
In 2015, Sri Lanka would have a fuel deficit of 6.1
million tons while Pakistan would need to import 4.60 million
tons of products. Bangladesh would require 3.3 million tons of
products from outside.
For Pakistan, the deficit would widen to seven million
tons by 2020 while Bangladesh would see minor addition to 4.3
million tons. Sri Lanka's deficit would remain at 6.1 million
tons. PTI ANZ
