Current Strategic Oil Reserve facilities in India
The strategic fuel or oil reserve facilities are used for emergency reasons. The Indian Strategic Petroleum Reserve has a total fuel store of total 5 MMT (million metric tonnes) which is enough to fuel 10 days of consumption. Currently the strategic crude oil storages are at 3 underground locations in Mangalore, Vishakhapatnam and Padur. They have ready access to refineries and are situated both on east and west coasts. The strategic storages are in addition to the existing stores of crude oil. The government had announced 2 more such caverns to come up at Chandikhole in Jajpur (Odisha) and at Bikaner in Rajasthan.
This will take the country’s strategic reserve capacity to 15 million metric tonnes, enough to maintain oil supplies for 90 days in case there is a disruption.
Topics: Energy • Energy security • Global strategic petroleum reserves • Ministry of Petroleum and Natural Gas • Oil and gas industry in India • Oil storage • Petroleum Industry • Strategic Petroleum Reserve
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