Wednesday 3rd of June 2026

Follow Us

Breaking News

Odisha Congress seeks a timeline for Chandikhol Crude Oil Storage Project

 Bhubaneswar, May 20 (UNI) The Odisha Congress on Tuesday demanded that the Centre and the State government announce a definite date for the commencement of the proposed Chandikhol crude oil storage project, alleging that the project has remained stalled for over a decade despite repeated promises by the Narendra Modi government.

Addressing a press conference, senior Congress spokesperson and research analyst Jagadananda Pradhan said the project, originally conceived during the UPA government led by former Prime Minister Dr. Manmohan Singh, has been repeatedly used as an electoral issue without any tangible progress on the ground.

Pradhan said the Chandikhol project is proposed to have a storage capacity of nearly 30 million barrels of crude oil.

While the government has projected employment opportunities for around 5,000 people after the project becomes operational, he claimed the actual employment potential could be between 8,000 and 10,000 jobs.

The Congress questioned the steps taken by the government for compensation, rehabilitation and employment of people likely to be displaced or affected by the project.

Alleging negligence by the present NDA government, Pradhan claimed that no new crude oil storage capacity has been created in the country during the last eleven years and asserted that all existing strategic crude oil storage facilities were established during the Congress-led UPA regime.

He said the UPA government had already initiated expansion projects at Visakhapatnam, Mangaluru and Padur, with a combined storage capacity of 5.33 million metric tonnes, but alleged that the NDA government has failed to complete those projects.

According to Pradhan, the process for the Chandikhol crude oil storage project had already begun in 2013 after submission of the feasibility report during the Congress regime.

 

Related Business News

Wholesale Inflation Rises to 3.88% in March; Oil and Metals Become Costlier, Sharp Surge in Jewellery Prices

 The Wholesale Price Index (WPI)-based inflation rate rose to 3.88 percent in March, up from 2.13 percent in February,the Ministry of Commerce and Industry said on Wednesday. The rise in wholesale inflation in March was primarily driven by an increase in prices of crude petroleum and natural ga....

‘We Will Not Allow China to Buy Iranian Oil’: US Treasury Secretary Scott Bessent

 Amid ongoing tensions in the Middle East, the United States has taken a tough stance on China, making it clear that it will not allow Beijing to purchase oil from Iran. US Treasury Secretary Scott Bessent said that the proposed blockade will ensure that no Chinese or other ships can pass throu....

Economy News: Stock market falls and gold-silver prices drop after US-Iran talks fail

 Local stock markets witnessed a decline on Monday. The BSE Sensex fell by 703 points, while the NSE Nifty dropped 208 points. The failure of talks between the US and Iran for an agreement, along with fears that the conflict may continue for a long time, caused crude oil prices to rise sharply,....

LPG Crisis Deepens Amid War; Opposition Targets Government Over Black Marketing

NEW DELHI: As the US-Israel-Iran conflict enters its fourth week, the deepening energy crisis is severely affecting households across the country, leading to a growing shortage of cooking gas. Complaints about LPG shortages and rising black marketing have intensified political confrontations an....

Gold prices surge again, silver becomes over Rs10,000 more expensive

 BHUBANESWAR: On Wednesday, a sharp rise was seen in the prices of gold and silver. As a result, the price of 24-carat gold reached over ?1.46 lakh per 10 grams, while the price of silver crossed ?2.34 lakh per kg. According to the India Bullion Jewellers Association (IBJA), the price of 24-car....

Links
Contact
Editor :
Jagadananda Pradhan
Email :
fastmail@yahoo.com
For Ads :
fastmailads@gmail.com
Ph : (+91)6764295999
Contact Us
© 2026 Fast Mail Media Pvt Ltd. All Rights Reserved.
Powered by : FM Media Pvt Ltd.
Developed by : Futuradept Tech