India Expands Strategic Oil Reserves With New ONGC Storage Plan ...Middle East

India’s ONGC plans to build up a strategic national reserve of crude totalling 1.75 million tons, or 12.8 million barrels. The company would also ask the government to allow the commercial use of the stockpile, Reuters reported. India currently has a national crude oil reserve of 5.33 million tons, which is equal to about 39 million barrels, in three locations in the southern part of the country. The sites are managed by a government-owned entity, Indian Strategic Petroleum Reserves Ltd. The maximum reserve capacity can cover only eight days…

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Last updated : 10 July 2026 clock 10:34 AM

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India Expands Strategic Oil Reserves With New ONGC Storage Plan ...Middle East

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