Business Daily from THE HINDU group of publications
Wednesday, Nov 04, 2009
ePaper | Mobile/PDA Version | Audio | Blogs

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Petroleum
All oil, gas installations told to carry out safety self-audit

To adhere to Oil Industry Safety Directorate standards.

–Ramesh Sharma

The Minister for Petroleum and Natural Gas, Mr Murli Deora, with (from left) the ONGC, CMD, Mr R.S. Sharma; the Shell India Chairman, Mr Vikram Mehta; and the IOC Chairman, Mr Sarthak Behuria; at a meeting in the Capital on Tuesday.

Our Bureau

New Delhi, Nov. 3 The Government has ordered all oil and gas installations in the country to carry out a self audit conforming to their statutory norms as well as adhere to prescribed Oil Industry Safety Directorate (OISD) standards by December 31.

A decision to this effect was taken on Tuesday at a meeting convened by the Petroleum Minister, Mr Murli Deora, with top experts from the public, private and multinational firms to review safety measures at oil installations.

The meeting was convened in the wake of the massive fire at the Indian Oil Corporation’s fuel depot in Jaipur. A technical directorate under the Ministry of Petroleum and Natural Gas, the OISD formulates and coordinates the implementation of a series of self regulatory measures aimed at enhancing the safety in the oil and gas industry in the country.

Speaking to mediapersons after the meeting, the Petroleum Secretary, Mr R. S. Pandey, said: “Oil companies will submit their reports to the OISD which in turn will submit a consolidated report to the Ministry.”

The audit would not be restricted to public sector installations, but will extend to private installations as well, he said. It was also decided that safety audits will be done on a quarterly basis and “all major as well as minor incidents in any such installations/set ups in the country including that of private companies will be reported to OISD,” the Petroleum Secretary said.

“The decision taken in the September meeting of the Safety Council regarding empowering the OISD with statutory status would be expedited,” he said. The OISD will also be further strengthened and given additional manpower. The Secretary said that all oil and gas companies must have standard operating procedures for operations and maintenance practices for all countrywide installations/set-ups under due technical supervision and attention.

“All companies will submit reports on having standard operating procedures and their due implementation to OISD by December 31,” he said.

Meanwhile, a seven-member committee chaired by Mr M. B. Lal, former Chairman and Managing Director, HPCL, set up to inquire into IOC fire accident will submit its report in 60 days. The Minister also said that it has been decided that IOC will pay Rs 50 crore as an immediate relief to various affected units through RIICO.

More Stories on : Petroleum | Accidents

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



Stories in this Section
Pollution belts


Cement sales revive in October
Green in patches
Weak monsoon shrivels kharif crop output
Clean development mechanism in forestry sector catching on
All oil, gas installations told to carry out safety self-audit
Adani Power to expand capacity at Tiroda to 3,300 MW
SIMA seeks immediate ban on cotton exports
IIMM opens branch in Mangalore
GIMT's first inter-college fest
Biz school management meet
IFC to help AP upgrade diagnostic services
Realty pick-up to build demand for steel
Chamber seeks limit on online sale of train tickets
Chamber plans fast
Tarun Das retires from CII
Apparel exports down 7.3% in first half
Excess supply mirrors glass industry’s woes
Auto Expo is 2 months away, but fully booked
No immediate plan to exit fiscal stimulus: Pranab
No plans to curb capital inflows for now: Pranab
Export dip abates in Sept, but import decline intensifies
Central team in AP to assess drought situation




The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line