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Indian Strategic Petroleum Reserves Limited (ISPRL) is an Indian company responsible for maintaining the country's strategic petroleum reserves.ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas.
In 2003, India started development on a strategic crude oil reserve [20] sized at 37,400,000 barrels (5,950,000 m 3), enough to provide two weeks of consumption. [21] Petroleum stocks have been transferred from the Indian Oil Corporation (IndianOil) to the Oil Industry Development Board (OIDB). [ 22 ]
Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to
India has begun selling oil from its Strategic Petroleum Reserve (SPR) to state-run refiners as it implements a new policy to commercialise its federal storage by leasing out space, three sources ...
One of Biden’s top energy aides confirmed Friday that no extension of releases from the Strategic Petroleum Reserve - scheduled to end this fall - is in the offing. But added a promise that it ...
The Indian Strategic Petroleum Reserve (SPR) is an emergency fuel store of total 5 Mt or 31.5 million barrels (5.0 million cubic metres) of strategic crude oil enough to provide 10 days of consumption which are maintained by the Indian Strategic Petroleum Reserves Limited.
India has begun the development of a strategic crude oil reserve sized at 37.4 million barrels (5,950,000 m 3), enough for two weeks of consumption. [41] Petroleum stocks have been transferred from the Indian Oil Corporation to the Oil Industry Development Board (OIDB). [ 42 ]
Last week T. Boone Pickens put out a video blog post questioning whether we really needed to keep our vast Strategic Petroleum Reserves, or SPR, stocked with oil. According to Pickens, we have ...