New Delhi: In what could open the aviation turbine fuel (ATF) market for private companies, the state-run oil marketing companies (OMCs) have agreed, in-principle, to share their storage facilities to feed Asia's largest terminal at New Delhi.
The decision was taken during a meeting between aviation and petroleum ministries last week, a senior government official told Business Standard.
With this move, private ATF sellers will get overnight access to assets created by government firms, said a senior executive with an OMC.
Reliance Industries Ltd (RIL), Shell and Essar, which had shown interest in selling ATF, will now be able to use state-run companies' infrastructure built near the Delhi airport, for a fee. RIL has operations across 26 terminals in India and wanted entry into terminal-3 of the Indira Gandhi International Airport.
"The access will be allowed only if the government-controlled OMCs have excess capacities," said a petroleum ministry official.
13/03/13 Disha Kanwar & Shine Jacob/Business Standard
To Read the News in full at Source, Click the Headline
The decision was taken during a meeting between aviation and petroleum ministries last week, a senior government official told Business Standard.
With this move, private ATF sellers will get overnight access to assets created by government firms, said a senior executive with an OMC.
Reliance Industries Ltd (RIL), Shell and Essar, which had shown interest in selling ATF, will now be able to use state-run companies' infrastructure built near the Delhi airport, for a fee. RIL has operations across 26 terminals in India and wanted entry into terminal-3 of the Indira Gandhi International Airport.
"The access will be allowed only if the government-controlled OMCs have excess capacities," said a petroleum ministry official.
13/03/13 Disha Kanwar & Shine Jacob/Business Standard
