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Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at Mangaluru

India plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mangaluru. This project will significantly increase the nation's

CJPN24 AI Desk••Updated 1 day ago•2 min read
Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at Mangaluru
Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at Mangaluru
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Key Points

  • Synopsis India plans to boost its oil security.
  • Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mangaluru.
  • This project will significantly increase the nation's emergency crude storage capacity.

Synopsis
India plans to boost its oil security.

Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mangaluru.

This project will significantly increase the nation's emergency crude storage capacity.

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Source: The Economic Times

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