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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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