Indian Strategic Petroleum Reserve signs deal with Hindustan Petroleum to lease space zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
India to lease out space in strategic underground oil storages to local, global firms firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.
Govt defers ₹5,000 crore spending on strategic petroleum reserves in FY24 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
India has limited oil storage capacity, with space for only 39 million barrels of crude — barely enough for eight days of the countrys consumption — to use in the event of an emergency. It filled the storage in 2020, when Brent crude prices crashed, but has since released about a third of that oil to local refiners.