Oil storage Current Affairs, GK & News

India’s Strategic Oil Reserves in focus after drone attacks on Saudi Aramco Facility

The policymakers are now deliberating on India’s strategic oil reserves at Mangaluru, Paddur (near Udupi) and Visakhapatnam after the drone strikes on Saudi Arabian Oil Co or Saudi Aramco’s facility over the weekend sent shock waves across global oil markets, hitting supplies. India’s Strategic Oil Reserves State-owned Indian Strategic Petroleum Reserve Ltd (ISPRL) which is ..


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 ..


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 ..