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Give financial support to oil firms for storage: House panel
Financial Express Ahmedabad
|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.
Bu hikaye Financial Express Ahmedabad dergisinin August 21, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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