The Hindu Business Line : IOC plans to raise crude imports thru Haldia dock

INDIAN Oil Corporation (IOC) proposes to step up its import of crude through Haldia dock in the current fiscal as compared to last fiscal. IOC is likely to import an estimated 11.5 to 12 mt of crude through the dock this year. In 2003-04, the crude import through Haldia was around 10.4 mt.

Of the total quantity of crude to be imported, an estimated five mt each will be consumed by IOC's two refineries located at Haldia and Barauni while the balance about 1.5 to two mt will be sent to Bongaigaon Refineries & Petrochemicals Ltd in Assam.

Haldia dock sources indicate that the total cargo throughput in the dock so far in the current fiscal at 6.7 mt shows an improvement of about five to six per cent over the same period of the last year due to the rise in crude traffic. The dock has so far handled an estimated 2.5 mt, roughly one mt a month on an average. The throughput of petroleum products, however, is likely to remain unchanged at the last year's level of around four mt. In 2003-04, the dock handled a total of 4.08 mt of petroleum products and about 0.68 mt so far in the current year.

The Shipping Ministry has set a target of 33.9 mt of total traffic for the current for Haldia dock as compared to the actual throughput of 32.3 mt in 2003-04 and the bulk of the incremental traffic, an estimated one mt out of 1.6 mt, will be on account of crude.

Judging by the trend of other items, the dock authorities could not be too sure of any significant jump in their throughputs in course of the year. The import of coking coal and the export of iron ore has become somewhat uncertain thanks to the unfavourable international market condition. The throughputs of items such as coking coal, thermal coal and iron ore in the current fiscal have been coking coal 0.967 mt, thermal coal 0.67 mt and iron ore 0.63 mt.

More Stories on : Shipping | Petroleum | Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Qantas to resume flights to India

Kochi port to raise free period to 7 days for loaded export containers

L&T disqualified for Kandla port project — `Request for proposal' document norms not met

IOC plans to raise crude imports thru Haldia dock

Plea to exempt ship repair from tax net

Railways developing computerised system to evaluate safety skills

Insurance companies seek tougher norms for drivers