Benefits of TAPI Gas Pipeline to Fazilka, Punjab



Benefits of TAPI Gas Pipeline to Fazilka, Punjab

The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that the on 13th December 2015, the Ground Breaking ceremony to start the work on the Turkmen leg of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline was held at Mary, Turkmenistan. Earlier in November 2014, the Pipeline Consortium, TAPI Pipeline Company Limited (TPCL) was incorporated in Isle of Man, a British Crown dependency. The Share Holders Agreement of TPCL was also signed on 13th December 2015. The shareholding percentage in the TPCL would be Turkmenistan 85%, India 5%, Pakistan 5% and Afghanistan 5%.


With the Ground Breaking Ceremony on 13th December, 2015 work has begun on the Turkmen leg of the pipeline. The technical study of the TAPI project has estimated an overall project duration of 6¾ years from the start of the Front End Engineering Design (FEED) process till handing over of the pipeline for commercial operation.

The Pipeline will enter India at Fazilka, Punjab. The gas available from the project is expected to boost development of industrial and commercial activities in Fazilka district, including start of CNG and City gas distribution and associated employment generation.

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62 days cover on consumption basis with Public Sector storage capacity of crude oil

The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that the requirement of crude oil imports for oil refineries depends on production of domestic crude oil, requirement of Indian Refineries, success in conservation efforts, etc. At present, storage capacity of crude oil and products with Industry in Public Sector is 14.6 Million Metric Tonnes (MMT) and 14.08 MMT respectively which provides 62 days of cover on consumption basis. The Government, through the Indian Strategic Petroleum Reserves Limited, has set up Strategic Crude Oil Reserves with storage capacity of 5.33 MMT at Visakhapatnam, Mangalore and Padur. In order to further increase the Strategic Crude Oil Reserves, a detailed feasibility report has been prepared for construction of additional 12.5 MMT of strategic crude oil storages at Chandikhol, Rajkot, Bikaner and Padur.

While there is no existing barter arrangement involving import of crude oil, Government continues to explore possibilities for such an arrangement as it would lead to export promotion and result in saving of foreign exchange.

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Petroleum Minister Shri Dharmendra Pradhan holds bilateral meeting with Mr Igor Ivanovich Sechin, President, Chairman of the Management Board, Rosneft, Russia

The Minister of State (I/C) for Petroleum and Natural Gas Shri Dharmendra Pradhan held a bilateral meeting with Mr Igor Ivanovich Sechin, President, Chairman of the Management Board, Vice-chairman of Board of directors of JSC Rosneft, Russia. Mr Sechin is visiting India in connection with acquiring of share in Vankorneft and Taas-Yuryakh by Indian Public Sector Enterprises in Oil and Gas. Vankorneft is a wholly owned subsidiary of Rosneft which operates Vankor Field in Russia. The Consortium comprises of Oil India Ltd, Indian Oil Corporation and Bharat Petro Resources Ltd.

Sh Pradhan witnessed the signing of following Agreements / Memorandum of Understanding:

1.      Share Purchase Agreement (SPA) between the consortium of Indian companies (Oil India Ltd, Indian Oil Corporation and Bharat Petro Resources Ltd) and Rosneft of Russia on acquiring 29.9 % share in Taas-Yuryakh by the consortium;

2.      Heads of Agreements, between the consortium of Indian companies (Oil India Ltd, Indian Oil Corporation and Bharat Petro Resources Ltd) and Rosneft of Russia on acquiring of  23.9% share by the consortium in Vankorneft;

3.      Memorandum of Understanding between ONGC Videsh Ltd. (OVL) and Rosneft of Russia regarding acquiring of 11% share in Vankorneft in addition to earlier 15% share by OVL; and

4.      Memorandum of Understanding between consortium of Indian companies (Oil India Ltd, Indian Oil Corporation and Bharat Petro Resources Ltd) and Rosneft of Russia for acquisition in Vankor cluster.

Sh Pradhan in his meeting with Mr Sechin described Russia as longstanding and time-tested partner of India. He expressed happiness that India and Russia have high levels of understanding and cooperation in almost all areas of the bilateral relationship. Both expressed their commitment to work together to further strengthen the India-Russia relations in the Hydrocarbon sector.

Shri K D Tripathi, Secretary (Petroleum), H.E. Alexander Kadakin, Ambassador of Russia to India, Senior Officials from Ministry of Petroleum and Natural Gas, CMD/CEOs of Indian Public Sector oil and gas Enterprises and Officials from Rosneft were present during the signing.

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