Why We must NATIONALISE BOMBAY HIGH: $ 7.5 Billion or Rs. 50,000 crore Annual Profits!
Jai Maharashtra!
Bombay High or Mumbai High is a super-giant offshore oilfield situated 176 kilometres or 109 miles off the coast of Mumbai in the territorial limits of Maharashtra.
Annually it produces oil and natural gas of about 9 to 10 million tonnes of oil equivalent ('ONGC strikes "good" offshore oil, gas find off Mumbai High', Business Today, 20 Sep 2017 https://www.businesstoday.in/current/economy-politics/ongc-strikes-good-offshore-oil-rigs-gas-find-bombay-high/story/260647.html)
Now, 1 tonne of oil is equal to 7.4 barrels of oil. For much of 2014, oil traded above $100 per barrel and often as much as $120 per barrel.
So, price of 1 tonne of oil = 7.4 barrels / tonne x 100 $/barrel = $ 740 per tonne.
So, annual profit from Mumbai High = 740 $ / tonne x 10 million tonnes = $ 7400 million = $ 7.4 billion !!!
For much of 2016, the dollar traded in the range of rs.67-68.
So annual profit in rupees = $ 7.4 billion x 68 rs / $ = rs 503.2 billion x 100 crores / billion = rs. 50,300 crores !!!
In other words, Mumbai High produces a profit of $ 7.4 billion or rs. 50,000 crores very year!
This fantastic wealth would be enough to transform Maharashtra into another Gulf Oil Sheikhdom.
Yet, this wealth is being looted by the Indian Union Government of New Delhi via its surrogate the ONGC.
This fantastic wealth belongs to us, the Maharashtrian People and not the corrupt Indian Union Government!
We, the Marathi People, must force the Maharashtra Government to Nationalise Bombay High!
We, the Marathi People must withdraw our Indian Union Membership at once and implement a Hard MahaExit!
MahaExit and Nationalisation of Bombay High will trigger the Mother of All Sensex Bull Markets!
Azad Maharashtra Zindabad!
- Major Nrupal Mhatre,
Azad Maharashtra Sena
Bombay High or Mumbai High is a super-giant offshore oilfield situated 176 kilometres or 109 miles off the coast of Mumbai in the territorial limits of Maharashtra.
Annually it produces oil and natural gas of about 9 to 10 million tonnes of oil equivalent ('ONGC strikes "good" offshore oil, gas find off Mumbai High', Business Today, 20 Sep 2017 https://www.businesstoday.in/current/economy-politics/ongc-strikes-good-offshore-oil-rigs-gas-find-bombay-high/story/260647.html)
Now, 1 tonne of oil is equal to 7.4 barrels of oil. For much of 2014, oil traded above $100 per barrel and often as much as $120 per barrel.
So, price of 1 tonne of oil = 7.4 barrels / tonne x 100 $/barrel = $ 740 per tonne.
So, annual profit from Mumbai High = 740 $ / tonne x 10 million tonnes = $ 7400 million = $ 7.4 billion !!!
For much of 2016, the dollar traded in the range of rs.67-68.
So annual profit in rupees = $ 7.4 billion x 68 rs / $ = rs 503.2 billion x 100 crores / billion = rs. 50,300 crores !!!
In other words, Mumbai High produces a profit of $ 7.4 billion or rs. 50,000 crores very year!
This fantastic wealth would be enough to transform Maharashtra into another Gulf Oil Sheikhdom.
Yet, this wealth is being looted by the Indian Union Government of New Delhi via its surrogate the ONGC.
This fantastic wealth belongs to us, the Maharashtrian People and not the corrupt Indian Union Government!
We, the Marathi People, must force the Maharashtra Government to Nationalise Bombay High!
We, the Marathi People must withdraw our Indian Union Membership at once and implement a Hard MahaExit!
MahaExit and Nationalisation of Bombay High will trigger the Mother of All Sensex Bull Markets!
Azad Maharashtra Zindabad!
- Major Nrupal Mhatre,
Azad Maharashtra Sena