Government Strengthens Strategic Petroleum Reserves
OIL & GAS

Government Strengthens Strategic Petroleum Reserves

In a major step towards bolstering India's energy security, the Government has established Strategic Petroleum Reserve (SPR) facilities through a Special Purpose Vehicle (SPV)—Indian Strategic Petroleum Reserve Limited (ISPRL). These reserves, with a total capacity of 5.33 Million Metric Tonnes (MMT) of crude oil, are strategically located at:

Visakhapatnam – 1.33 MMT Mangaluru – 1.5 MMT Padur – 2.5 MMT

Expanding SPR Capacity To further strengthen energy resilience, in July 2021, the Government approved two additional SPR facilities with a total storage capacity of 6.5 MMT: ? Chandikhol, Odisha – 4 MMT ? Padur, Karnataka – 2.5 MMT

These facilities will be developed on a Public-Private Partnership (PPP) model, and the Government continues to evaluate new storage sites based on technical and commercial feasibility.

Diversifying Crude Supply Sources To reduce dependency on any single region, Indian Oil PSUs have diversified their crude basket, sourcing oil from: Middle East Africa North & South America

Additionally, LNG imports have been diversified, with Australia, USA, and UAE added as sourcing destinations. Several long-term agreements have also been signed to ensure uninterrupted LNG supply and protection from price volatility.

Promoting Clean Energy & Reducing Fossil Fuel Dependence The Government is aggressively promoting clean energy through a multi-pronged strategy that includes:

Transitioning to a Gas-Based Economy – Encouraging natural gas usage across industries. Alternative & Renewable Fuels – Boosting the adoption of ethanol, compressed biogas (CBG), biodiesel, green hydrogen, and EVs. Energy Efficiency & Conservation – Refinery process improvements and optimisation. Increasing Domestic Oil & Gas Production – Through policy reforms and incentives. Sustainable Alternative Towards Affordable Transportation (SATAT) – Promoting CBG as an automotive fuel. Ethanol & Biodiesel Blending Programmes – Expanding ethanol-blended petrol (EBP) and biodiesel-diesel blending initiatives.

This strategic approach is aimed at reducing India's dependence on imported fossil fuels while ensuring energy security, affordability, and sustainability.

This information was provided by Minister of State for Petroleum & Natural Gas, Shri Suresh Gopi, in a written reply in the Lok Sabh

In a major step towards bolstering India's energy security, the Government has established Strategic Petroleum Reserve (SPR) facilities through a Special Purpose Vehicle (SPV)—Indian Strategic Petroleum Reserve Limited (ISPRL). These reserves, with a total capacity of 5.33 Million Metric Tonnes (MMT) of crude oil, are strategically located at: Visakhapatnam – 1.33 MMT Mangaluru – 1.5 MMT Padur – 2.5 MMT Expanding SPR Capacity To further strengthen energy resilience, in July 2021, the Government approved two additional SPR facilities with a total storage capacity of 6.5 MMT: ? Chandikhol, Odisha – 4 MMT ? Padur, Karnataka – 2.5 MMT These facilities will be developed on a Public-Private Partnership (PPP) model, and the Government continues to evaluate new storage sites based on technical and commercial feasibility. Diversifying Crude Supply Sources To reduce dependency on any single region, Indian Oil PSUs have diversified their crude basket, sourcing oil from: Middle East Africa North & South America Additionally, LNG imports have been diversified, with Australia, USA, and UAE added as sourcing destinations. Several long-term agreements have also been signed to ensure uninterrupted LNG supply and protection from price volatility. Promoting Clean Energy & Reducing Fossil Fuel Dependence The Government is aggressively promoting clean energy through a multi-pronged strategy that includes: Transitioning to a Gas-Based Economy – Encouraging natural gas usage across industries. Alternative & Renewable Fuels – Boosting the adoption of ethanol, compressed biogas (CBG), biodiesel, green hydrogen, and EVs. Energy Efficiency & Conservation – Refinery process improvements and optimisation. Increasing Domestic Oil & Gas Production – Through policy reforms and incentives. Sustainable Alternative Towards Affordable Transportation (SATAT) – Promoting CBG as an automotive fuel. Ethanol & Biodiesel Blending Programmes – Expanding ethanol-blended petrol (EBP) and biodiesel-diesel blending initiatives. This strategic approach is aimed at reducing India's dependence on imported fossil fuels while ensuring energy security, affordability, and sustainability. This information was provided by Minister of State for Petroleum & Natural Gas, Shri Suresh Gopi, in a written reply in the Lok Sabh

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code