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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.
The OIDB then created the Indian Strategic Petroleum Reserves Ltd (ISPRL) to serve as the controlling government agency for the strategic reserve. [23] The facilities are located at: Mangalore, State of Karnataka. Capacity of 10.515 million barrels. Padur village, Udupi in the state of Karnataka. Capacity of 17.525 million barrels. [24]
Reuters reported last month that India had changed its policy to allow the Indian Strategic Petroleum Reserves Ltd (ISPRL), which manages the federal oil inventories, to lease 30% of its overall ...
India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves (SPR), two sources familiar with the matter said on ...
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 ...
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.
NEW DELHI (Reuters) -India and Sri Lanka will conduct feasibility studies on petroleum line, land bridge connectivity between the countries, Indian Prime Minister Narendra Modi said on Friday ...