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War & Conflict6h 34m ago

ONGC is planning to develop and fill India's next strategic petroleum reserve (SPR) facility, a 1.75 million metric tonne (MMT) underground crude storage cavern.

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Mangaluru, Karnataka, India

Who
Oil and Natural Gas Corporation (ONGC), India
What
ONGC is planning to develop and fill India's next strategic petroleum reserve (SPR) facility, a 1.75 million metric tonne (MMT) underground crude storage cavern.
When
Fri, 19 Jun 2026 04:41:44 GMT · 6h 34m ago
Where
Mangaluru, Karnataka, India ·
Why
The initiative aims to strengthen India's energy security after supply disruptions linked to the Iran conflict highlighted vulnerability and limited existing reserves.
The Frontline Impact

How this affects you

The project would increase India's existing strategic petroleum reserve capacity by nearly one-third and involves an investment of approximately ₹15,000 crore ($1.6 billion), aiming to reduce vulnerability to global supply disruptions.

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