Oil Refinery Current Affairs - 2020

Exploration underneath Assam National Park receives Environmental Clearance

On May 20, 2020, the major exploration by the Oil India Limited beneath the Dibru-Saikhowa National Park of Assam received environmental clearance. There were concerns that the project would affect the flora and fauna in the region. The park is the only region in India that supports feral horses.

Highlights

The Oil India Limited (OIL) has received environmental clearance from MoEFCC (Ministry of Environment, Forest and Climate Change) to extend drilling and testing of hydrocarbons.

The OIL is to implement extended reach drilling technology for which the company had obtained permission in 2016.

The company will down carry out hydrocarbon exploration 1.5 km outside the demarcated area of the park. The company has been performing explorations in the region for more than 15 years.

Feral Horse

The Feral horse is not a true wild horse. The only true wild horse that exists today is the Przewalski’s horse, that are native to Central Asia. The Prezewalski horse was first classified as extinct by the IUCN red list. Later, they were reclassified as critically endangered in 2008 and endangered in 2011.

Australia has the largest population of feral horses in the world.

Extended Reach Drilling

The Extended Reach Drilling Technology is directional drilling beneath the earth. The technology aims to reach larger area and longer distances. It is done to maximize productivity and drainage capability.

GoI: Quota Allocation Procedure for import of Calcined Pet Coke initiated

On April 20, 2020, the Government of India has laid down procedure to allocate quota for the import of calcined pet coke in the financial year 2020-21.

Highlights

In October 2018, the Government of India permitted imports of certain quantity of pet coke in order to use it as fuel in anode making. Earlier, the GoI had banned import of pet coke. Import of petcoke was allowed only in lime kiln, cement, gasification and calcium carbide industries. Now the Directorate General of Foreign Trade has invited applications for import of pet coke.

Pet Coke is mainly used in aluminium industry as raw material.

Pet Coke imports

India is the largest consumer of pet coke in the world. India imports over 27 million tonnes of pet coke from US alone. Pet coke emits over 11% more green house gases than coal.

What is Pet Coke?

Petroleum Coke is called Pet Coke. It is rich in carbon and is derived during oil refining. It consists of more than 80% of carbon.