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Give financial support to oil firms for storage: House panel
Financial Express Pune
|August 21, 2025
THE STANDING COMMITTEE on petroleum and natural gas has urged the oil ministry to provide funds to state-run oil companies for creation of storage caverns near their refineries and also to look at various options to increase the strategic storage capacity in line with the rising domestic demand.
Currently, the country has 5.33 MT of crude oil storage capacity at three different locations—Vishakhapatnam (1.33 MT), Mangalore (1.5 MT) and Padur (2.5 MT)—built under phase I of strategic petroleum reserve (SPR) program.
Dit verhaal komt uit de August 21, 2025-editie van Financial Express Pune.
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