• Upstream
  • Pipelines & Transport
  • Downstream
Friday, September 12, 2025
Oil&Gas Advancement
  • Home
  • News
    110 Megawatt Heavy Duty Gas Turbine

    China Rolls Out 110-Megawatt Heavy-Duty Gas Turbine

    Power of Siberia 2 Pipeline Deal

    Russia-China Power of Siberia 2 Pipeline Deal: A New Horizon

    OPEC to Boost Oil Output

    OPEC+ To Boost Oil Output in October Amid Market Push

    US Calls on Europe to Block Russian Oil, Gas for Tougher Sanctions

    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    Develop Fields as Tiebacks

    UK May Develop Fields as Tiebacks for Oil & Gas Exploration

    China Russia Gas Pipeline

    China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

    Live Transmission System to Transport Hydrogen

    SGN Uses Live Transmission System to Transport Hydrogen

    Egypt commits 400m investment

    Egypt Commits $400m Investment to Build a Gas Pipeline

  • Projects
    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Mabadala Energy Invests in US Natural Gas Market Expansion

    SEWA Implements Natural Gas Network Connection in the UAE

    SEWA Implements Natural Gas Network Connection in the UAE

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Asia Pacific

India to set up strategic Crude Oil reserves of 5.33MMT

in Asia Pacific, News, Upstream
Share on FacebookShare on Twitter

In a bid to enhance energy security, India is setting up Strategic Crude Oil Reserves of 5.33 Million Metric Tonnes (MMT) at three locations in the country.

Dharmendra Pradhan, Minister of State (I/C) for Petroleum & Natural Gas, informed the Rajya Sabha in a written reply today that the Government, through Indian Strategic Petroleum Reserves Limited (ISPRL), is setting up Strategic Crude Oil Reserves at Visakhapatnam (storage capacity: 1.33 MMT), Mangalore (storage capacity: 1.5 MMT) and Padur (storage capacity: 2.5 MMT).

Besides, in order to further increase the Strategic Crude Oil storage capacity, ISPRL through Engineers India Limited, has prepared a detailed feasibility study for construction of additional 12.5 MMT of strategic crude oil storages in Phase-II, the minister said.

The Expenditure Finance Committee, in its meeting held on 20.1.2015, has recommended an amount of Rs. 2500 crore for filling the crude in Visakhapatnam cavern against the 12th Plan outlay of Rs.4948 crore under Gross Budgetary Support Scheme of Ministry of Petroleum & Natural Gas for Indian Strategic Storage Programme for storage of crude oil by ISPRL. Rs. 2448 crore has been approved to be used for filling strategic part of caverns being constructed at Mangalore and Padur.

Previous Post

San Leon Energy makes first commercial gas discovery in Poland

Next Post

Saudi to hike April crude OSPs for Asia

Related Posts

110 Megawatt Heavy Duty Gas Turbine
Gases

China Rolls Out 110-Megawatt Heavy-Duty Gas Turbine

September 11, 2025
Power of Siberia 2 Pipeline Deal
Gases

Russia-China Power of Siberia 2 Pipeline Deal: A New Horizon

September 11, 2025
OPEC to Boost Oil Output
News

OPEC+ To Boost Oil Output in October Amid Market Push

September 11, 2025
America

US Calls on Europe to Block Russian Oil, Gas for Tougher Sanctions

September 10, 2025
Production Sharing Contract of Nigeria
Gases

Production-Sharing Contract of Nigeria with TotalEnergies

September 8, 2025
Develop Fields as Tiebacks
News

UK May Develop Fields as Tiebacks for Oil & Gas Exploration

September 8, 2025
Next Post

Russia may accept majority Chinese control of big oil and gas fields

LatestNews

Power of Siberia 2 Pipeline Deal
Gases

Russia-China Power of Siberia 2 Pipeline Deal: A New Horizon

September 11, 2025
OPEC to Boost Oil Output
News

OPEC+ To Boost Oil Output in October Amid Market Push

September 11, 2025
America

US Calls on Europe to Block Russian Oil, Gas for Tougher Sanctions

September 10, 2025
Production Sharing Contract of Nigeria
Gases

Production-Sharing Contract of Nigeria with TotalEnergies

September 8, 2025
Develop Fields as Tiebacks
News

UK May Develop Fields as Tiebacks for Oil & Gas Exploration

September 8, 2025
China Russia Gas Pipeline
Gases

China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

September 8, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.