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Two Very Large Crude Carriers (VLCCs) delivered 4 million barrels of Iranian crude oil to India.
The tankers, Felicity and Jaya, arrived at Sikka (Gujarat) and Paradip (Odisha) ports respectively.
This delivery highlights India's ongoing efforts to secure its energy needs from diverse sources.
The crude was loaded at Kharg Island, a major oil terminal in Iran.
India's reliance on imports necessitates diversification of sources and strategic reserves.
India's balancing act between major powers and its energy needs, especially concerning sanctioned countries.
The need for SPRs to cushion against supply disruptions and price volatility.
Understanding the role and location of key ports like Sikka and Paradip in India's trade.
A VLCC is a supertanker designed to transport crude oil in very large quantities, typically ranging from 160,000 to 320,000 deadweight tonnage (DWT). These vessels are crucial for global oil trade, enabling cost-effective transportation of massive volumes of oil across long distances. They play a vital role in the supply chain of major oil-importing nations like India.
Simple Analogy: Think of a VLCC as the largest possible freight train for oil, capable of moving an entire oil field's daily output in one go, making global oil transport efficient.
Locate the ports of Sikka (Gujarat, on the west coast) and Paradip (Odisha, on the east coast) on India's map. Also, identify Kharg Island in the Persian Gulf, off the coast of Iran, which is a major oil export terminal. Trace the potential sea routes from Kharg Island to these Indian ports, noting critical chokepoints like the Strait of Hormuz.
GS-II: India and its neighborhood- relations, Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests. GS-III: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment; Infrastructure: Energy, Ports.
General Awareness: Indian Geography (Ports), Economy (Trade, Energy), Current Affairs.
General Awareness: Economy (Trade, Energy), Current Affairs, International Affairs.
General Awareness: Indian Geography (Ports), Current Affairs.
Which one of the following best describes the concept of 'Small Farmer Large Field'?
Answer: Many marginal farmers in an area organize themselves into groups and synchronize and harmonize selected agricultural operations
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
Answer: Crude oil
Consider the following statements : 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues. 2. CAR is decided by each individual bank. Which of the statements given above is/are correct?
Answer: 1 only
High for UPSC (IR, Economy), Medium for SSC/Banking/Railway (Current Affairs, Geography).
A supertanker designed to transport large quantities of crude oil, typically 160,000-320,000 DWT.
The uninterrupted availability of energy sources at an affordable price.
Iran's primary oil export terminal in the Persian Gulf.