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| Company type | Special-purpose vehicle |
|---|---|
| Industry | Petroleum |
| Founded | 2005[1] |
| Founder | Ministry of Petroleum and Natural Gas |
| Headquarters | OIDB Bhawan, Sector-73, , India[2] |
Number of locations | 4 (2020) |
Area served | India |
Key people | HPS Ahuja (CEO & MD) |
| Services | Oil storage facilities |
| Owner | Oil Industry Development Board (OIDB) |
| Website | www |
Indian Strategic Petroleum Reserves Limited (ISPRL) is an Indian company responsible for maintaining the country's strategic petroleum reserves. ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas.
ISPRL maintains an emergency fuel store of total 5.33 MMT (million metric tons) or 36.92 million barrels (5.870 million cubic metres) of strategic crude oil enough to provide 9.5 days of consumption.[3][4][5] Strategic crude oil storages are at three underground locations in Mangalore, Visakhapatnam and Padur (Udupi, Karnataka). All these are located on the east and west coasts of India which are readily accessible to the refineries. These strategic storages are in addition to the existing storages of crude oil and petroleum products with the oil companies and serve in response to external supply disruptions.[6]
Indian refiners maintain 64.5 days of crude storage, so India has overall reserve oil storage of 74 days.[7]
- ^ "India wants to add UAE, Saudi oil for strategic reserve". Reuters. 21 September 2016. Retrieved 15 March 2019.
- ^ "Contact us". Indian Strategic Petroleum Reserves Limited. Retrieved 15 March 2019.
- ^ Cite error: The named reference
ndtv1was invoked but never defined (see the help page). - ^ Singh, Sudheer Pal (23 December 2015). "Filling of strategic oil reserves delayed". Business Standard India. Retrieved 23 December 2015.
- ^ Alexander's Gas & Oil Connections - India to build up storage of crude oil Archived 2009-04-18 at the Wayback Machine
- ^ "Indian Strategic Petroleum Reserves Limited". Retrieved 29 January 2016.
- ^ "India to leverage low prices to fill strategic crude oil reserves". 17 March 2020.
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