|
| Govt may allow Cairn to sell Rajasthan crude to pvt refiners |
| Press Trust of India / Barmer Aug 29, 2009, 16:02 IST |
|
The government may allow private refiners like Reliance Industries Ltd, Essar Oil to buy Cairn India's Rajasthan crude, if the public sector firms do not buy the entire output from the field.
Cairn CEO Rahur Dhir said, "As we ramp up production, the government will be able to nominate buyers."
The government has nominated buyers for Cairn's initial production for next few months and when the Mangla oil field reaches peak output of 1,25,000 bpd more buyers will be nominated. "We have not curtailed production because of lack of buyers," Dhir added.
IOC and MRPL have been allocated 0.20 million tonnes each in 2009-10, while HPCL would offtake 0.30 million tonnes of Rajasthan crude.
But in the next fiscal, the offtake by the state refiner would be far less than the production from Rajasthan.
In 2010-11, IOC would buy 1.5 million tonnes of the crude, while MRPL would double its offtake to 0.40 million tonnes. HPCL would take 0.50 million tonnes next fiscal. Against the total committed offtake of 2.4 million tones, the output would be over 6.2 million tonnes.
DGH Director General VK Sibal said selling to private refiners has been recommended.
"We have agreed that they (Cairn) can sell to private refineries," Sibal said.
|
|
|
|
|
|
|
|
|
|
 Read Business news in |  |
|
|
|
|
|
|
Advertisements |
|
|
|
|
|
|
|
|
|
|
Content Guide
