ONGC to Expand Mangaluru Strategic Petroleum Reserve by 1.75 MMT
Why in News?
ONGC approved participation in a 1.75 million metric tonne (MMT) expansion of the strategic petroleum reserve at Mangaluru, Karnataka.
Key Details
Strategic petroleum reserves are emergency stocks of crude oil maintained to cushion the economy against major supply disruptions.
The Mangaluru expansion adds to India’s existing underground storage network.
The move is notable because a state-run oil explorer is directly funding expansion of strategic crude-storage capacity.
Exam Connect
Strategic Petroleum Reserve → Emergency crude-oil stock maintained for energy security.
India's Strategic Petroleum Reserves (SPRs) provide an emergency crude oil storage capacity of 5.33 million metric tonnes (MMT)
Operational Sites Managed by ISPRL (Ministry of Petroleum and Natural Gas)
Visakhapatnam, Andhra Pradesh (1.33 MMT)
Mangaluru, Karnataka (1.50 MMT)
Padur, Karnataka (2.50 MMT)
