Global strategic petroleum reserves Current Affairs, GK & News
India and United Arab Emirates recently held a webinar to boost defence production and exports between the countries. Highlights The Webinar was organised by the Department of Defence Production operating under the Ministry of Defence through Society of Indian Defence Manufacturers (SIDM). The webinar was organised to help India achieve its target of reaching 5 ..
Category: Economy & Banking Current Affairs
Abu Dhabi National Oil Company signs MoU with signed MoU with Indian Strategic Petroleum Reserves Ltd
On November 12, Abu Dhabi National Oil Company (ADNOC) signed MoU with the Indian Strategic Petroleum Reserves Ltd (ISPRL) to explore the possibility of storing ADNOC crude oil at Padur Underground Facility in Udupi district of Karnataka, which has a 2.5 million tonne (~17 million barrels) capacity. So far, ADNOC is the only foreign oil ..
Topics: Abu Dhabi National Oil Company • Energy • Energy security • Global strategic petroleum reserves • Mangalore • Ministry of Petroleum and Natural Gas • Oil storage • petroleum • Strategic Petroleum Reserve • Udupi district • Universe
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 ..
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