India's Oil and Natural Gas Corp will reserve half of its planned oil storage. This new facility will meet the country's strategic petroleum needs. India is expanding its strategic petroleum reserve capacity with private participation. The nation plans additional storage facilities in Odisha and Padur. India currently has capacity to meet seventy-four days of net crude import needs.

ONGC will reserve half of its planned 1.75 million-tonne Mangaluru oil storage for India's strategic reserves, boosting energy security and crude storage.

India's Oil and Natural Gas Corp will reserve half of its planned oil storage. This new facility will meet the country's strategic petroleum needs. India is expanding its…