India, March 21 -- The Indian government, through the Special Purpose Vehicle Indian Strategic Petroleum Reserve Limited (ISPRL), has established Strategic Petroleum Reserve (SPR) facilities with a total crude oil storage capacity of 5.33 Million Metric Tonnes (MMT). These facilities are located at Vishakhapatnam (1.33 MMT), Mangaluru (1.5 MMT), and Padur (2.5 MMT).
To further enhance the country's crude oil storage capacity, the government approved the development of two additional commercial-cum-strategic petroleum reserve facilities in July 2021. These projects will add 6.5 MMT of capacity, with 4 MMT at Chandikhol in Odisha and 2.5 MMT at Padur in Karnataka, under a Public-Private Partnership (PPP) model. The government and Oil Marketi...