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India is reportedly planning to begin construction work on three underground fac ...

17/01/2008

India is reportedly planning to begin construction work on three underground facilities - at Visakhapatnam, Mangalore and Podur - to hold strategic stocks of crude oil. Total capacity will be around 5.3mn tonnes, equivalent to 15 days' consumption. It has been proposed that the stockpile should be doubled, but this has yet to receive cabinet approval. The facilities will be managed by Strategic Petroleum Reserves, a subsidiary of the Oil Industry Development Board.

News Item details

Region: Asia-Pacific

Keywords: Exploration and production - Bulk storage - crude and products

Subjects: Information technology, Resource use and management, Planning and Design, Construction, Storage, Oil and gas extraction, Crude oil, Oil, Primary energy production, Reserves, Bulk storage