India Orders Major Strategic Oil Reserve Expansion After Supply Crisis ...Middle East

India’s government has asked state-owned Oil and Natural Gas Corp (ONGC) to build and fill a new site for strategic petroleum reserves, with an estimated investment of $1.6 billion, local outlet the Economic Times reported on Friday, quoting sources with knowledge of the plans. The government is looking to boost India’s energy security in the wake of the Iran war and the following oil supply crisis that India felt firsthand, with a soaring energy import bill and rising prices of fuels. Currently, India’s underground Strategic…

Hence then, the article about india orders major strategic oil reserve expansion after supply crisis was published today ( Friday 19/06/2026 - 01:36 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( India Orders Major Strategic Oil Reserve Expansion After Supply Crisis )

Also on site :

• Forget Critical Metals, Electricity is The Real Bottleneck for Artificial Intell
• Bitmine Immersion Technologies kündigt eine Bardividende in Höhe von 0,1056 US-Dollar pro Aktie der unbefristeten Vorzugsaktie der Serie A mit einem Zinssatz von 9,50 % an
• Evermos Partners with the International Labour Organisation (ILO) to Deliver Entrepreneurship Training for Indonesia's Vulnerable Groups