Government of India is fast filling up India’s Strategic Underground Oil Reserves; Are we preparing for War? #Hindustan360

India’s strategic plan to build an emergency stockpile with millions of barrels of crude oil, on the lines of the reserves that the US and its Western allies set up after the first oil crisis of 1973-74, is in the rollout phase. View more at #Hindustan360.
Under the first stage of the Strategic Petroleum Reserve project, underground rock caverns for total storage of 5.33 MMT of crude oil at three locations — Visakhapatnam (1.33 MMT), Mangalore (1.5 MMT) and Padur (2.5 MMT) have been commissioned. The facility at Visakhapatnam, deep in the bowels of the earth, in underground rock caverns connected by tunnels extending over 7 km under the hills around Andhra Pradesh’s biggest city, has already been filled up while nearly a quarter of the Mangalore storage facility has also been filled. The storage facility at Padur has also been completed and commissioning is expected shortly. The total approved expenditure for the entire project is Rs 4,098.35 crore, of which 3,552.59 has already been disbursed till the end of October, officials indicated.

Highlights

  • Underground storage facilities at Visakhapatnam has already been filled up
  • Nearly a quarter of the Mangalore storage facility has also been filled
  • Underground Storage facility at Padur has also been completed and commissioning is expected shortly

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