Mangaluru Strategic Petroleum Reserve Expansion Phase-I
Sector: Oil and Gas • Location: Mangaluru, Karnataka, India
Source: NewsBytes
ONGC has approved a major expansion of India's strategic oil reserves by adding 1.75 million metric tons of storage capacity at Mangaluru, Karnataka. This marks the first time ONGC will independently fund such a crude storage facility to bolster energy security amid global geopolitical tensions. The project aligns with directives from the Ministry of Petroleum and Natural Gas and will enhance Indi
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Description
Description | ONGC has approved a major expansion of India's strategic oil reserves by adding 1.75 million metric tons of storage capacity at Mangaluru, Karnataka. This marks the first time ONGC will independently fund such a crude storage facility to bolster energy security amid global geopolitical tensions. The project aligns with directives from the Ministry of Petroleum and Natural Gas and will enhance India's strategic petroleum reserve network. |
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