OPERATIONS

Indian oil strike draws mixed reaction

In the heated war of words between India's public sector oil giants and striking oil workers over...

This article is 21 years old. Images might not display.

To the Centre of Indian Trade Unions (CITU), and aside from some exceptions in the western region of the country, the picket was a success. Spokesperson for the CITU, S. Dev Roye warned the government to acquiesce to its demands or face further stoppages.

"Going by the responses, we want to caution the government that if it does not stop privatisation programme of the profit making oil PSUs, the workers would be compelled to go on an indefinite strike in near future," said Roye.

In a heated joint statement issued by representatives of oil workers' trade unions, the CITU said, "Oil sector workers of all oil PSUs have forged complete and total unity under the banner of National United Forum against Privatisation of Oil PSUs irrespective of their affiliations to defeat government's privatisation policy. The government's move to partially disinvest mega oil companies of the IOC and ONGC will eventually pave the way for their privatisation. This decision of the government is neither an act of economic prudence nor in national interest."

In the face of such heated rhetoric, the oil industry officials maintained that supplies of supplies of petroleum products and crude oil production remained "more or less unaffected" despite the fact that the refineries witnessed "thin attendance".

Furthermore, a spokesperson from the country's largest crude oil producer, Oil and Natural Gas Corp said, "Operations at all its fields including Mumbai High were normal with almost all workers attending duty."

In lieu of the strike threat, India's petroleum ministry had already prepared a contingency plans to avert any supply disruptions to the retailers. Furthermore, the PSUs had also moved stocks of essential petroleum products - like petrol, diesel, kerosene and LPG - to caches around the country, which - they claim - could meet all of India's retail needs for up to 48 hours.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

Energy News Bulletin Future of Energy Report 2024

With the global energy market in constant development, this report captures the sentiment of key industry players on the future of energy in Australia – and how it has changed through 2024.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.