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Strategic Petroleum Reserves created at 3 locations

Strategic Petroleum Reserves created at 3 locations

Minister of State (I/C) for Petroleum & Natural Gas Dharmendra Pradhan has informed the Rajya Sabha in a written reply that under the Strategic Petroleum Reserve project Phase-I, underground rock caverns for storage of 5.33 MMT of crude oil at three locations, viz. Vishakhapatnam (1.33 MMT), Mangalore (1.50 MMT) and Padur (2.5 MMT) have been created. The Vishakhapatnam and Mangalore storage facilities have already been commissioned. The facility at Vishakhapatnam has already been filled up and nearly one-fourth of the Mangalore storage facility has also been filled. The storage facility at Padur has also been completed.

An expenditure of Rs 4098.35 crore has been incurred on creating crude oil storage facility at Vishakhapatnam, Mangalore and Padur.

There are 63 days of estimated commercial reserves of crude oil, petroleum products and gas in India. The total 5.33 MMT reserve of Phase-I of the Strategic Petroleum Reserve is currently estimated to supply approximately 10.5 days of IndiaÂ’s crude requirement according to the consumption during 2015-16.

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