Archive · 20 Sep 2025
SCI, Refiners to Partner on Crude Oil Tanker Fleet
SCI has teamed up with three state-owned oil companies to create a fleet of oil tankers.
They plan to buy, run, and manage these ships together.
The goal is to make India more secure by controlling its own oil transport.
This helps India become more self-reliant and boosts its shipping capabilities.
This initiative supports the government's plan to make India independent in various sectors.
SCI signed an MoU with BPCL, HPCL, and IOCL to operate a fleet of crude oil tankers.
The partnership aims to jointly acquire, own, operate, and manage the vessels.
These vessels will be used for international and coastal transport.
The collaboration supports India's Atmanirbhar Bharat vision and energy security.
The initiative is backed by the Ministry of Ports, Shipping and Waterways and the Ministry of Petroleum and Natural Gas.
- Who
- Shipping Corporation of India Ltd (SCI), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), and Indian Oil Corporation Ltd (IOCL)
- What
- Signed an MoU to jointly operate a fleet of crude oil tankers.
- When
- Not specified in the provided text, but the signing of the MoU happened recently.
- Where
- India
- Why
- To improve India’s energy security and strengthen shipping capacity.
- Companies Involved
- SCI, BPCL, HPCL, IOCL
- Vessel Types
- Crude oil tankers, product tankers, bulk carriers, offshore vessels, container vessels, gas carrier
- Purpose
- To jointly acquire, own, operate, and manage vessels
- Goal
- Improve energy security and support Atmanirbhar Bharat
Sources
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