As the world faces turmoil with the ongoing Middle East situation, state-run Oil and Natural Gas Corporation (ONGC) on Friday announced that its board has granted in-principle approval for the development of a 1.75 million tonne strategic petroleum reserve at Mangaluru, a move that will enhance India's emergency crude oil storage capacity.

ONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's energy security network. India is…

ONGC's board approves expanding India's strategic crude reserves by 1.75 million tonnes in Mangaluru, enhancing energy resilience.