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Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at Mangaluru

India plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mangaluru. This project will significantly increase the nation's emergency crude storage capacity. The government aims to strengthen energy security following past supply disruptions. This move marks a new approach with a state-run company developing such a reserve.

Raccontata daeconomictimes.indiatimes.comoilprice.com

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2 prospettive sulla stessa storia
AI · summaries
economictimes.indiatimes.comStai leggendo4 g fa

Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at Mangaluru

India plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mangaluru. This project will significantly increase the nation's emergency crude…

originale
oilprice.com3 g fa

India Orders Major Strategic Oil Reserve Expansion After Supply Crisis | OilPrice.com

ONGC investing $1.6B to expand strategic oil reserves at Mangaluru by 1.75M metric tons (one-third boost) after Middle East crisis. Energy security impacts cloud/data center costs in India; infrastructure stability improvement reduces operational risk for CIOs.

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Timeline cronologica

  1. giovedì 18 giugno 2026·economictimes.indiatimes.com

    Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at Mangaluru

    India plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mangaluru. This project will significantly…

  2. venerdì 19 giugno 2026·oilprice.com

    India Orders Major Strategic Oil Reserve Expansion After Supply Crisis | OilPrice.com

    India has directed ONGC to build a new strategic petroleum reserve in Mangaluru, expanding the country's emergency crude storage capacity by roughly one-third as it seeks greater…

  3. domenica 21 giugno 2026·economictimes.indiatimes.com

    How India can build a bigger oil buffer without straining the exchequer - The Economic Times

    As tensions around Iran and the Strait of Hormuz ease, India should focus not only on managing the immediate oil crisis but also on strengthening long-term energy security, the…