NEW DELHI: State-run Oil and Natural Gas Corporation (ONGC) will develop a 1.7 million tonne (MT) strategic crude oil reserve in Mangaluru in Karnataka, as India looks to strengthen its energy security against future supply disruptions amid an increasingly uncertain global geopolitical situation.

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.