Rapid Fire
India’s First Commercial Crude Oil Storage
- 04 Apr 2024
- 2 min read
India aims to construct its first commercial crude oil strategic storage to bolster reserves as a precaution against potential supply interruptions.
- Indian Strategic Petroleum Reserves Limited (ISPRL) has invited bids for building 2.5 million tonnes of underground storage at Padur in Karnataka.
- Strategic Petroleum Reserves (SPR) Programme:
| Phase | Location | Status |
| Phase I | Visakhapatnam | Filled (Strategic in nature) |
| Phase I | Mangaluru | Filled (Strategic in nature) |
| Phase I | Padur | Filled (Strategic in nature) |
| Phase II | Chandikhol | Approved (PPP basis) |
| Phase II | Padur | Approved (PPP basis) |
- Crude oil storages on India's East and West coasts are constructed in underground rock caverns, known as the safest means for storing hydrocarbons.
- Indian Strategic Petroleum Reserves Limited (ISPRL):
- ISPRL, a subsidiary of the Oil Industry Development Board (OIDB) under the Ministry of Petroleum & Natural Gas, manages Strategic Crude Oil Storage facilities, with Engineers India Limited (EIL) as the Project Management Consultant, overseeing storage operations and coordinating stock release during supply disruptions through a Government Empowered Committee.
Read more: India's Strategic Petroleum Reserves
