INDIA EXPANDS ITS SPR
Geopolitics|April 2024
India is the world’s third-biggest oil importer and consumer. As the country’s economy continues to grow, ensuring a stable and secure supply of petroleum products has become a top priority. India plans to build its first privately managed strategic petroleum reserve (SPR) by 2029-30, granting the operator the freedom to trade all of the stored oil according to Indian Strategic Petroleum Reserves Ltd (ISPRL)
INDIA EXPANDS ITS SPR

India currently has three partially commercialised and operational SPR (strategic Petroleum Reserve) facilities with a total capacity of 5.33 million metric tonnes (MMT) located in Visakhapatnam, Mangalore, and Padur.

India is planning to construct two new Strategic Petroleum Reserve (SPR) facilities: An 18.3 million barrel storage cavern at Padur, Karnataka and a 29.3 million barrel facility in Odisha

In a unique public-private partnership model, the government will allow private companies to trade 100 per cent of the oil stored in these new SPRS within the domestic market. This approach aims to expand India's SPR capacity with private-sector participation and financing.

この記事は Geopolitics の April 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Geopolitics の April 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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