New Delhi: India's first unloading Single Point Mooring (SPM) facility, commissioned by Indian Oil in 1978 at Vadinar in Dev Bhumi Dwarka district of Gujarat, achieved a significant milestone with the berthing of the 6,000th Oil tanker- MT Yio, a Liberian VLCC (Very Large Crude Carrier) carrying Basrah Crude Oil from Iraq. Mr S M Vaidya, Chairman, Indian Oil and Mr D S Nanaware, Director (Pipelines), Indian Oil, welcomed the crew of MT Yio to celebrate the momentous occasion.
Complimenting the Team Vadinar of Indian Oil, S M Vaidya said, "Economic and social growth relies on energy and given our dependence on foreign crude, unloading crude supplies from large crude-carrying vessels deep into the sea safely and reliably is vital to keep our refineries running. I must laud the remarkable contribution of IOCians at Vadinar who work under the most challenging circumstances to keep the nation fuelled while setting new benchmarks of operational excellence. The 3 lakh kilo litres of crude oil that MT Yio is carrying is adequate to meet about 40% of the daily fuel requirement of our entire nation".
Indian Oil operates two SPM terminals at Vadinar, in the south of the Gulf of Kutch, for unloading of crude oil brought in tankers for transportation to shore tanks through pipelines, of which around 14 km is subsea. Subsequently, the crude is transported through cross-country pipelines to Indian Oil's mega-refineries at Vadodara, Mathura and Panipat. With the unloading of this crude parcel, Indian Oil Vadinar Terminal has crossed a cumulative receipt of 735 MMT.
Disclaimer: This story is a press release and is being published without any editing by the PSU Watch desk. Our editorial team has only changed the headline.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. You may follow us on Google News. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)