India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

🇮🇳 Offshore Engineer (IN) —
India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

AI Summary

India's Oil and Natural Gas Corp (ONGC) plans to allocate half of its new 1.75 million metric ton oil storage facility to strategic reserves aimed at meeting the country's energy security needs. This initiative highlights India's focus on strengthening its energy infrastructure to buffer against supply disruptions.

India's Oil and Natural Gas Corp will reserve half of its planned 1.75 million metric ton (about 13 million barrels) oil storage facility to meet the country's strategic needs…

Markets Commodities Energy India ONGC oil storage strategic reserves energy security oil market

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