Fire at IOC depot in Gujarat; no casualties reported
NEW DELHI (Reuters) - A fire erupted and spread at a fuel storage terminal of state-run Indian Oil Corp (IOC.NS) in Hazira in Gujarat on Saturday, a company executive said, an incident which may force India's largest refiner to import fuel.
No casualties were reported from the fire, whose cause was not immediately clear. The Hazira terminal has nine storage tanks - five gasoline and four diesel.
The tank where the blaze started had about 5,000 kilolitres of gasoline, almost half of its capacity, when it caught fire.
"Because of wind the fire has spread to another petrol tank. We can see smoke coming out of second petrol tank as well. It had substantial volumes," said N Srikumar, executive director at the company.
Srikumar had said earlier that Indian Oil was looking into the cause of the fire that broke out in the afternoon and that authorities were trying to cool the other tankers at the depot by sprinkling water on them.
Indian Oil, which meets about half of the country's domestic fuel demand, along with its subsidiary, Chennai Petroleum Corp (CHPC.NS), control 10 refineries accounting for about 31 percent of the national capacity of 4.3 million barrels per day (bpd).
(Reporting by Nidhi Verma; Writing by Arup Roychoudhury; Editing by Mark Heinrich)
- Tweet this
- Share this
- Digg this
- UPDATE 6-Obama warns on Crimea, orders sanctions over Russian moves in Ukraine
- Privacy groups ask regulators to halt Facebook's $19 billion WhatsApp deal
- RPT-With Crimean appeal, Putin goes head-to-head with West over Ukraine
- Exclusive - Pimco's Gross declares El-Erian is 'trying to undermine me'
- Singapore's megachurches move to export lucrative religion
Sahara’s investment programmes include schemes that are similar to a typical Indian bank’s fixed or recurring deposits. But the arrest of the company's chief Subrata Roy last week and the court case over an outlawed bond scheme are raising fears among some investors who worry they will not get their money back. Full Article