Strategic Petroleum Reserves
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ONGC Plans To Build 1.75 Million Metric Tonnes Petroleum Reserve
ONGC would seek the federal government's permission for commercial use of the storage to be built in "national interest", it said in the filing.
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How Much Crude Oil Reserve Does India Have? What Union Minister Said
India's SPRs - underground facilities in Andhra Pradesh and Karnataka - can store of 5.33 million tonnes and, assuming capacity at 100 per cent, these should provide cover for 9.5 days during disruptions like the Iran war.
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"Keep Oil Prices Down. I Am Watching": Trump Amid Middle East Tension
US President Donald Trump expressed a desire on Monday to see oil prices kept down amid fears that the aftermath of the attacks on Iran's nuclear facilities could cause them to spike.
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India's Release Of 5 Million Barrels Oil From Stockpile A 'Symbolic Gesture'
The government official said the release from India's strategic petroleum reserve (SPR) was "a symbolic gesture" as it needed to create space as part of efforts to make money from renting out the storage and was already selling the oil.
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India Starts Selling Oil From Strategic Reserves After Policy Shift
India, the world's third-biggest oil importer and consumer that imports over 80% of its oil needs, is mirroring a model adopted by countries such as Japan and South Korea in its commercialisation of its Strategic Petroleum Reserves (SPRs).
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India Refiners' July Crude Processing Catches Up With Demand Rebound
Fuel demand also climbed last month to its highest since April as pandemic restrictions and lockdowns were unwound in most states.
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MoU Signed For India To Develop Strategic Petroleum Reserve In US
India and the US have signed an MoU to develop a strategic petroleum reserve in America and the two countries are in advanced stage of discussion to store crude oil in America to increase India's stockpile, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Friday.
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Government Plans To Fill Strategic Oil Storage By The Third Week Of May
The government plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country's SPR said on Tuesday.
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ONGC Plans To Build 1.75 Million Metric Tonnes Petroleum Reserve
ONGC would seek the federal government's permission for commercial use of the storage to be built in "national interest", it said in the filing.
-
How Much Crude Oil Reserve Does India Have? What Union Minister Said
India's SPRs - underground facilities in Andhra Pradesh and Karnataka - can store of 5.33 million tonnes and, assuming capacity at 100 per cent, these should provide cover for 9.5 days during disruptions like the Iran war.
-
"Keep Oil Prices Down. I Am Watching": Trump Amid Middle East Tension
US President Donald Trump expressed a desire on Monday to see oil prices kept down amid fears that the aftermath of the attacks on Iran's nuclear facilities could cause them to spike.
-
India's Release Of 5 Million Barrels Oil From Stockpile A 'Symbolic Gesture'
The government official said the release from India's strategic petroleum reserve (SPR) was "a symbolic gesture" as it needed to create space as part of efforts to make money from renting out the storage and was already selling the oil.
-
India Starts Selling Oil From Strategic Reserves After Policy Shift
India, the world's third-biggest oil importer and consumer that imports over 80% of its oil needs, is mirroring a model adopted by countries such as Japan and South Korea in its commercialisation of its Strategic Petroleum Reserves (SPRs).
-
India Refiners' July Crude Processing Catches Up With Demand Rebound
Fuel demand also climbed last month to its highest since April as pandemic restrictions and lockdowns were unwound in most states.
-
MoU Signed For India To Develop Strategic Petroleum Reserve In US
India and the US have signed an MoU to develop a strategic petroleum reserve in America and the two countries are in advanced stage of discussion to store crude oil in America to increase India's stockpile, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Friday.
-
Government Plans To Fill Strategic Oil Storage By The Third Week Of May
The government plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country's SPR said on Tuesday.
