State-controlled Indian Strategic Petroleum Reserves Ltd (ISPRL) is finalizing feasibility studies for two new strategic petroleum reserves facilities as the world’s third-largest crude oil importer looks to boost its energy security.

NEW DELHI: India is looking to expand its strategic petroleum reserves with new facilities at Bina in Madhya Pradesh and Bikaner in Rajasthan, besides adding storage capacity at…

India holds 5.33 million metric tonnes of strategic crude oil, stored in underground caverns, covering approximately 9.5 days of the nation's crude oil needs.