UAE to store crude oil in Mangaluru petroleum reserve

February 11, 2016

New Delhi, Feb 11: The United Arab Emirates’ (UAE) Abu Dhabi National Oil Company (ADNOC) will store crude oil in India’s 1.5 million tonnes-Mangalore strategic petroleum reserve using it as a wholesale storage capacity and sell to the Indian refiners whenever needed, oil minister Dharmendra Pradhan said after a meeting with visiting energy minister Suhail Mohammed Al Mazrouei.

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India also informed Al Mazrouei that state-run companies ONGC Videsh Ltd (OVL), Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Oil India Ltd were interested in taking stakes in oil fields that are under production and in securing hydrocarbon exploration permits in the Persian Gulf country.

An oil ministry statement quoted Pradhan as saying Indian companies were also interested in acquiring a stake in Abu Dhabi Company for Onshore Petroleum Operations Ltd. (ADCO), another company held by the UAE through ADNOC. Pradhan also offered New Delhi’s idea of a strategic reserve is primarily to tide over any possible supply disruption due to geopolitical reasons, rather than to build up an inventory of cheap oil, officials privy to the development explained.

Pradhan said that ADNOC was working with the Indian Strategic Petroleum Reserve Ltd (ISPRL) which is building the strategic reserve in Mangalore. “The project is on track and will be concluded soon,” the statement said quoting Pradhan.

ISPRL is also building two other reserves at Visakhapatnam in Andhra Pradesh and at Padur in Karnataka. The three facilities have a total storage capacity of 5 million tonnes of crude, which could meet a few days’ requirement. India imported 189 million tonnes of crude in 2014-15, about 80% of its total requirement. ADNOC will store about half of the capacity in the Mangalore reserve.

Former foreign secretary Kanwal Sibal described the development as a significant breakthrough. “We have been talking to the UAE on this matter for a number of years. It is only after Prime Minister Narendra Modi’s visit (in August) that various aspects of the relationship (including the strategic oil reserve) have begun to move forward. It should be seen as a foreign policy success,” said Sibal.

Pradhan also sought investments from the UAE on the ongoing state-run projects in India such as ONGC Petro Additions Ltd’s petrochemical project at Dahej in Gujarat, and HPCL’s refinery-cum-petrochemical plant in Andhra Pradesh.

The UAE is expected to invest in the newly created National Investment and Infrastructure Fund (NIIF) aimed at increasing infrastructure financing in the country. Discussions on a pact were concluded after India agreed to have a UAE representative on the board of NIIF, a government official said, speaking on condition of anonymity.

In December, the Indian government announced steps to set up NIIF. The government budgeted a contribution of Rs.20,000 crore for the fund in fiscal year 2015-16 while another Rs.20,000 crore is expected to be raised from sovereign wealth funds. It is unclear, at the moment how much the UAE proposes to invest in NIIF.

Finance ministry officials had earlier indicated that the Abu Dhabi Investment Authority, Russian Direct Investment Fund, Singapore’s Government Investment Corporation and Temasek have expressed interest in investing in NIIF. The ministry is currently in search of a chief executive officer, a post for which more than 70 executives from the private sector have applied. A final selection is expected by March end.

The investment pact with the UAE, one among about a dozen, is to be signed during the visit of General Sheikh Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the armed forces of the UAE, who began his three-day visit to India on Wednesday.

Prime Minister Narendra Modi, during a visit to the UAE in August—the first by an Indian Prime Minister in 34 years— had urged the host nation to invest in India’s infrastructure sector, pointing out that Asia’s third largest economy has the potential to absorb as much as $1 trillion in investments in the sector.

At a briefing on Wednesday, Anil Wadhwa, secretary, East, in the foreign ministry, noted that the UAE has emerged as one of the top sources of foreign direct investment in India since 2000, with cumulative investments of $3.3 billion besides some $5 billion in portfolio investments.

The UAE controls the second largest sovereign wealth fund in the world—around $800 billion—under the Abu Dhabi Investment Authority. “This is an important source of investment for the Indian infrastructure sector,” Wadhwa told reporters.

“During the visit of the Prime Minister, it was also decided to encourage investment institutions in the UAE to raise investments for the infrastructure sector in India with the target of reaching $75 billion. So the UAE has been invited to participate in the NIIF in India,” he said.

According to Indian and UAE diplomats, the two countries are expected to amplify on a joint statement issued during Modi’s visit that referred to security and strategic issues among other subjects.

In the August joint statement in which both countries had noted the upgrading of ties to a “comprehensive strategic partnership,” India and the UAE agreed to regularize a dialogue between their national security advisors, strengthen maritime security in the Arabian Gulf and Indian Ocean region, and reinforce defence ties through regular exercises of naval, air, land and special forces.

They also agreed to “coordinate efforts to counter radicalization and misuse of religion by groups” besides denouncing terrorism. New areas of cooperation identified included defence production, strategic partnership in security and counterterrorism, cooperation in civil nuclear energy and space besides energy, Wadhwa said.

The UAE has plans to send a mission to Mars by 2020, Wadhwa said, adding that India is looking at offering help in launching the mission, given its own capabilities in the area. India launched its own successful Mars Orbiter Mission in 2014. In the area of defence production, India would be looking at exports of hardware produced in India to the investing partner country as well as third countries, Wadhwa said.

Comments

chaithresh
 - 
Saturday, 13 Feb 2016

Our namo narenda modi s doing something good for the development of India...we being Indians shouldn't blame him..we should support him.. no one hs thr capacity or dare like our PM has.. .please always think n thn write...guys. name.. I support narenda modi..Jai hind

Anupama
 - 
Friday, 12 Feb 2016

Modi is a gold/oil digger. In the name of development he is polluting a beautiful city. Lobbying against farmers who provide food for the country due to his selfish motives.

Syed Kazi
 - 
Thursday, 11 Feb 2016

Why cant they store their wealth, money, gold and dollars in our storage tanks and give 2/3 free to us as RENT.....

rikaz
 - 
Thursday, 11 Feb 2016

UAE has been so generous to Indians.....

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coastaldigest.com news network
August 4,2020

Mangaluru, Aug 4: The Kasaragod district administration has decided to restore the e-pass system for daily commuters between Kasaragod and Mangaluru amid covid-19 crisis. 

As covid-19 cases began to increase in Dakshina Kannada, the Kasargod district administration had unilaterally newly introduced of daily pass system on July 6 for entry and exit from Talapady border. This had inconvenienced hundreds of employees, who visited Mangaluru daily to eke a living. 

The decision to resume the pass system was taken in a video conference of Kerala Revenue Minister Chandrasekharan with officials and elected representatives on August 3.

The minister said the Kasaragod district administration will resume issuing of passes for daily commuters between Kasaragod and Mangaluru. But they should undergo rapid antigen test for every week to renew their passes.

"Similarly, one-time interstate passes will be issued for those who want to take part in marriages, funeral and other functions in both states. Even they should undergo antigen test after returning from the functions,” the minister added.

As per the previous order, daily commuters, especially employees, had to stay in Mangaluru for 28 days before returning to Kasargod. Later, Kerala government relaxed rules on July 23 allowing only bank employees from Kasaragod to travel daily in their private vehicles to their workplace in Dakshina Kannada.

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News Network
July 24,2020

Bengaluru, Jul 24: Karnataka Government on Friday issued an order regarding the refixation of rates for RT-PCR testing and Rapid Antigen testing for private laboratories in view of the COVID-19 pandemic.

The state induced Task Force Committee has revised the rate of RT-PCR testing to cost Rs 2,000 per test and Rapid Antigen testing for private samples to cost Rs 700 per sample.

Ceiling rate for private samples in private laboratories including screening test and confirmatory test is Rs 3,000 per test, read the order

The cost is inclusive of the price of Personal protective equipment (PPE) kit, stated the government in the order.

Karnataka has reported 5,007 new COVID-19 positive cases and 110 deaths on Friday.

The total number of cases stands at 85,870 including 52,791 active cases and 1,724 deaths, added the state Government.

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Ram Puniyani
January 26,2020

During last couple of decades we have been witnessing the coming up of various statues in different parts of the country. There is diverse political logic and different set of political tendencies for erecting these statues. When Mayawati was UP CM, she got multiple of her own statues made, in addition to many statues of major dalit icons, irrespective of the criticism against that act. As per her strategy it was a symbol of identity of dalit assertion. The biggest statue to come up was that of Sardar Vallabh Bhai Patel, a lifelong Congressman, whom RSS combine is trying to appropriate. This statue of Unity was ‘Made in China’. The clever trick was that the same forces were behind this statue, which was banned by Patel in the aftermath of Gandhi murder. Interestingly while currently BJP is blaming Congress for Partition of India, ironically it was Sardar Patel who was in the committee which gave final stamp of approval for the partition of India.

There is also a talk in UP, where the Ram temple campaign yielded rich electoral dividends for BJP, to have tallest statue of Lord Ram in Ayodhya. In a state where children are dying in hospitals due to lack of Oxygen cylinders, a huge budgetary allocation will be required for such project. While on statues one should also remember that in Maharashtra a tall statue of Chatrapati Shivaji Maharaj is underway in Arabian Sea, near Mumbai. Only few voices of protest against it came up, e.g. that of renowned journalist, now, MP, Kumar Ketkar, whose house was vandalised for his opposing the move on the grounds that same massive amount can be utilized for welfare-development activities in the state.

On the back of this comes a comparatively low budget 114 feet tall statue of Jesus Christ in Karnataka, in Kappala hills Harobele village, where Christian pilgrims have been thronging from last several centuries. The land for this has been donated by Congress leader Shivaprasad and his brother, a Congress MP. It is planned to be carved out from a single rock. The plan of this statue is being opposed by those who have been behind most of the statue projects so far. Hindu Jagran Vedike, VHP, RSS are up in arms saying that they will not let this come up. There are various arguments cited for this opposition. It is being said that this was a place of worship of Lord Munnieshwara (a form of Lord Shiva).

More than this it is being argued that Shivakumar is trying to please his Italian boss in the party. Also that this will bring back the period of slavery of foreign rule, the colonial rule of British. As such this opposition is more in tune with the ideology of RSS combine, which has been for a statue here and a statue there. Their politics regards Christianity as a ‘foreign religion’! It is true that in Citizenship Amendment Act, they have not excluded Christianity while other religion, which they regard as ‘Foreign’ i.e. Islam. Here they are using a different logic, that the countries from where persecuted minorities are coming, are Muslim countries, Pakistan, Afghanistan and Bangla Desh.

In India the major targeting by RSS combine has been against Muslims, but Christians are also not spared. Starting in the decade of 1980, an intense propaganda has been going on that Christian Missionaries are converting. As RSS affiliate Vanvasi Kalyan Ashram became active in Adivasi areas, the likes of Swami Aseemanand, Swami Laxmanand and followers of Aasaram bapu spread out in Tribal areas. They started their programs to popularise Shabri and Hanuman, with congregations like Shabri Kumbh being regularly organized in these areas. The aim was to Hinduize the people in those areas.

The first major anti Christian violence came up in the ghastly form of burning alive of Pastor Graham Steward Stains along with his two minor sons Timothy and Philip. RSS affiliate Bajrang Dal's Dara Siingh aka Rajendra Pal was behind this and he is serving the life term for that. At the same time Wadhva Commission was appointed to investigate this crime which shook the country and President K.R. Narayan termed it as the one belonging to the inventory of the black deeds of human history.

The Wadhva commission report pointed out that there was no statistical significant change in the region where the pastor was working. Similarly the national figures tell us that the Christian population, if at all, has marginally declined in last five decades as per the census figures. They stand like this, percentage of Christians in population, 1971-2.60, 1981- 2.44, 1991-2.34, 2001-2.30 and 2011-2.30. There are arguments that some people are converting to Christianity but are not revealing their religion. This may be true in case of miniscule percentage of dalits, who may not reveal there conversion, as they stand to loose reservation provisions if they convert.

The anti Christian violence is scattered and is below the radar most of the places. There was massive valence in Kandhamal, Orissa, when on the pretext that Christians have murdered Swami Laxmananand, a massive violence was unleashed in 2008. On regular basis prayer meetings of Christians are attacked on the pretext that these are attempts at conversion. While there is a huge demand for the schools and colleges run by Christian groups, in Adivasis areas and remote areas the work of Swamis is on.

Now the trend is to dump Christian traditions. Since Ramnath Kovind became President, the usual practice of Carol Singers visiting Rashtrapati Bhavan has been stopped. In the army retreat so far ‘Abide with me’ by Scottish poet, Henri Francis Lyte, a Christian song, a favourite of Gandhi, has been dropped. The Christian minorities have perceived the threat in various forms. Currently they are as much part of the protests against CAA, NPR and NRIC as any other community.

While statues and identity issues cannot have primacy over the social development issues, it cannot be selective. To oppose Jesus Christ statue while spending fortunes for other statues is a part of the agenda of RSS combine, which is unfolding itself in various forms. opposition to Jesus Christ statue being yet another step in the direction.

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