News for 'indian-strategic-petroleum-reserves-ltd'

India to award leases to top up strategic oil reserves amid Gulf tensions

State-owned Indian Strategic Petroleum Reserves Ltd (ISPRL), which operates India's strategic crude oil storage, will make awards by December to lease around 1 million tons of crude oil storage space (7.3 million barrels) at two of the country's three existing Strategic Petroleum Reserves (SPRs), around a fifth of the total SPR capacity. This will enable the refilling of crude caverns even as escalating hostilities in the Gulf threaten disruptions in crude supplies, two industry sources said.

Oil reserves work suffers set back

How India is building its oil reserves

India is building its oil reserves in underground rock caverns and tanks