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Strategic Petroleum Reserve
May 24 , 2018
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- India received first consignment of 2 million barrels of crude oil from United Arab Emirates (UAE) for its strategic petroleum reserve (SPR) at Mangaluru (on west coast), Karnataka.
- Central Government under phase I of SPR programme had announced to build three underground crude oil storage facilities with total capacity of 5.33 mn tonnes at
- Vishakhapatnam (Andhra Pradesh),
- Mangalore (Karnataka) and
- Padur (Kerala)
to provide energy security of 10 days of consumption in response to external supply disruptions.
- They are maintained by Indian Strategic Petroleum Reserves Ltd (ISPRL), a special purpose vehicle (SPV), which is wholly owned subsidiary of Oil Industry Development Board (OIDB) under Ministry of Petroleum & Natural Gas.
- In 2017-18 budget, Government as part of phase 2 of SPR programme had announced to set up two more such SPR at Chandikhole (Odisha) and Bikaner (Rajasthan).
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