Cabinet Approves Strategic Petroleum Storage

The Cabinet on November 8 approved filling up of the underground strategic oil storage at Padur in Karnataka by foreign oil companies, who could use it as a storage for trading in the region but will have to part with the oil in case of an emergency in India.

Emergency Storage

  • The Indian Strategic Petroleum Reserves Ltd (ISPRL) has constructed and commissioned underground rock caverns for storage of total 5.33 million tonnes of crude oil at three locations -- Vishakhapatnam (1.33 million tonnes), Mangalore (1.5 million tonnes) and Padur (2.5 million tonnes).
  • The total 5.33 million tonnes capacity under Phase-I of ....

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