Strategic Petroleum Reserve (India)

Indian Strategic Petroleum Reserve Limited
Storage facilities
Industry Petroleum
Founded 2005 (2005) in New Delhi, India[1]
Headquarters Noida, India
Key people
 Rajan K Pillai (CEO)
Products Crude Oil
Owner Ministry of Petroleum and Natural Gas
Parent Oil Industry Development Board
Website www.isprlindia.com

The Indian Strategic Petroleum Reserve (ISPR) is an emergency fuel store of total 5.33 MMT (million metric tons) or 36.92 MMbbl of strategic crude oil enough to provide 10 days of consumption[2] which are maintained by the Indian Strategic Petroleum Reserves Limited.[3][4]

Strategic crude oil storages are at 3 underground locations in Mangalore, Visakhapatnam and Padur(near Udupi). All these are located on the east and west coasts of India which are readily accessible to the refineries. These strategic storages are in addition to the existing storages of crude oil and petroleum products with the oil companies and serve in response to external supply disruptions.[5]

Expansion

In the 2017-18 budget speech by the Indian finance minister Arun Jaitley, it was announced that two more such caverns will be set up Chandikhole in Jajpur district of Odisha and Bikaner in Rajasthan as part of the second phase. This will take the strategic reserve capacity to 15.33 million tons. .[6]

Apart from this,India is planning to expand more strategic crude oil facilities in second phase at Rajkot in Gujarat and Padur in Udupi district of Karnataka.[2]

See also

Global strategic petroleum reserves

References

  1. ↑ http://economictimes.indiatimes.com/industry/energy/oil-gas/india-wants-to-add-uae-saudi-oil-for-strategic-reserve/articleshow/54446688.cms
  2. 1 2 "Store Our Oil And Take Two-Thirds For Free: UAE's Offer to India". NDTV. Retrieved 2016-02-10.
  3. ↑ "Filling of strategic oil reserves delayed". Retrieved 2015-12-23.
  4. ↑ Alexander's Gas & Oil Connections - India to build up storage of crude oil Archived 2009-04-18 at the Wayback Machine.
  5. ↑ "Indian Strategic Petroleum Reserves Limited". Retrieved 2016-01-29.
  6. ↑ "Government to build 2 crude oil storages in Odisha, Rajasthan". Economic Times. Retrieved 2016-01-02.
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