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India to commission 5-mt underground oil storages

Oil & Gas
February 1, 2015February 1, 2015
India to commission 5-mt underground oil storages
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India has decided to commission over 5 million tonnes (mt) of underground crude oil storages by October to ensure uninterrupted oil supply to the nation for about two months in the case of disruptions in imports from oil producing countries due to geopolitical reasons. The first strategic oil reserve of 1.33 million tonnes will be ready in Visakhapatnam by next month, officials said, adding that this will be followed by two more facilities in Mangalore (1.5 mt) and Padur (2.5 mt) in the next eight months.

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