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India to build strategic petroleum reserves under Rs 1,150 crore plan

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By NewsGram Staff Writer

To secure India’s energy economy against supply and price fluctuations globally, an additional funding of over Rs.1,150 crore is being provided to Indian Strategic Petroleum Reserves Ltd. (ISPRL).

Through supplementary demands for grant presented to parliament earlier this week, union Finance Minister Arun Jaitley sought an allocation of Rs.1,153 crore for buying crude oil to fill the first strategic crude oil reserve being built at Visakhapatnam by ISPRL.

India plans for a strategic reserve that could hold up to 1.3 million tonnes of crude oil.

Under this plan, the government would set up a Strategic Crude Oil Storage of about 5.33 million tonnes at two other locations in the country — Mangalore (1.5 million tonnes) and Padur (2.5 million tonnes) in the first phase.

The Mangalore and Padur projects, both on the western coast of Karnataka, are nearly complete, awaiting pipeline connections from the nearest ports.

A second phase is also under planning, which seeks to create 12.5 million tonnes storage capacity at Padur, Chandikhol (Odisha), Bikaner (Rajasthan), and Rajkot (Gujarat).

While India currently imports about 80 percent of its oil requirements, the International Energy Agency predicts that by 2020, India could become the world’s largest oil importer.

The current slump in oil prices that have been in steady fall since the later half of last year is considered an opportune time to build up strategic oil reserves.

The India basket of crude oil fell this week to levels around $52 for a barrel of nearly 160 litres.

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Want to Know the Best Face Oil? These Five Will Definitely Help You!

Facial oils have a unique property of regenerating your skin. You can do the same for your face by knowing the best face oil for your skin type.

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Best face oil
Facial Oil

Benefits of Facial Oils for Skin

We always adore the ancient Egyptians for their flawless and vibrant beauty. Did you know that Oil is the real reason behind their beauty? Yes, that’s true! They applied Moringa oil. They considered Moringa oil as the best face oil. The thought of applying oil on your face may irk you to a great extent, but the benefits which oil gives you, cannot be given by cosmetic in this world. From preventing wrinkles to shrinking the enlarged face pores, they offer you a great deal. If you have dry skin, then oil acts as your skin’s antibiotic.

Five best face oils which can give you a flawless skin:

1. Jojoba Oil

Best face oil
Jojoba oil.                                                                                                                                                         Pixabay.

 

The Unique feature of Jojoba oil is its similarity to our skin structure.It gets completely dissolved in the skin; balances out sebum production and prevents acne. It is comprised of important minerals and nutrients and functions as an element of all-day moisture to the skin. It is the best face oil for skin types- sensitive, dry and aged.

 

2. Castor Oil

There can be nothing as good as Castor Oil to deal with skin breakouts. Its antibacterial and anti-inflammatory properties eliminate the acne-causing bacteria, which helps in the reduction of skin breakouts; thus, making it a great deal for skin types prone to breakouts. It consists of Vitamin E, proteins, minerals and unsaturated fatty acids. It can heal the scars of skin. It is the best face oil for skin types which struggle with acne and sunburns.

 

3. Tamanu Oil

Tamanu oil is being used in medicines since ages. It has the capability of healing wounds and regenerating skin cells by fighting bacteria. The oil contains a lipid, calophyllolide, which is highly anti-inflammatory. It is beneficial for broken skin and the skin damaged from acne.

 

Also ReadDo You Wish to Stay Healthy but are Scared of the word ‘Diet’? If so, then these Ayurvedic Diet Tips are for you! 

4. Hemp seed oil

Best face oil
Hemp seeds.                                                                                                                                                     Pixabay.

Hemp Seed Oil reduces facial pores and eliminates. Its anti-inflammatory properties induce elasticity in the skin. It comprises of 80% fatty acids and has the ideal ratio of omega-6 to omega-3 EFA (Essential Fatty Acids). Hemp seed oil is the best face oil.

 

5. Rosehip oil

Best face oil
Rosehip.                                                                                                                                                      Pixabay.

Rosehip oil the best face oil for skin types- dry and oily. It penetrates to the deepest layers of the skin and regenerates cells. It is highly rich in vitamin C, Omega-6 and Omega-3 fatty acids, which help in curing scars. It also reduces the appearance of wrinkles and brightens the skin.

by Megha Acharya of NewsGram.   Megha can be reached at Twitter @ImMeghaacharya.