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ISPRL OIL RESERVES
India to provide $647 million to support strategic reserve oil purchases in 2025-26India has allocated 55.97 billion rupees ($646.78 million) to support oil purchase for its strategic petroleum reserves. The country aims t...01 Feb, 2025, 03.27 PM IST- ISPRL plans oil reserve in Madhya Pradesh; Bina proposed as potential siteState-owned Indian Strategic Petroleum Reserves (ISPRL) plans to build a strategic reserve in Madhya Pradesh, serving inland refineries dur...06 Jan, 2025, 11.06 PM IST
- India's emergency crude stockpile management firm ISPRL looks to trade part of stored oilIndian Strategic Petroleum Reserves (ISPRL) plans to partner with global oil traders like Vitol, Glencore, and Shell to trade a portion of ...24 Dec, 2024, 10.30 AM IST
- India aims for first strategic petroleum reserve with a private company by 2029-30India is aiming to establish its first privately managed strategic petroleum reserve (SPR) by 2029-30, allowing the operator to trade all s...03 Apr, 2024, 07.38 PM IST
- India to build first commercial crude oil strategic storageIndia plans to build its first commercial crude oil storage at Padur, Karnataka, with 2.5 million tonnes capacity. The project under ISPRL ...03 Apr, 2024, 04.33 PM IST
- Govt plans to lease strategic oil reserve space to private companiesAbout 0.75 mmt of capacity in Mangalore and about 0.25 mmt in Visakhapatnam is currently vacant and needs to be filled, L R Jain, the CEO o...07 Feb, 2024, 12.00 AM IST
- India to sell half of Mangaluru strategic oil reserves by December"We have started selling to oil marketing companies. This will help to create space that we will then offer for leasing," Indian Strategic ...21 Oct, 2021, 05.02 PM IST
- India tops up strategic reserves with cheaper crude, saves over $685 millionIt bought crude oil at an average price of $19 per barrel to fill its reserves in April and May when prices reached an all-time low while t...23 Sep, 2020, 02.10 PM IST
- India plans to fill strategic oil storage by the third week of MayIndia will be diverting cargoes for loading in April already bought by refiners Indian Oil Corp, Bharat Petroleum, Hindustan Petroleum and ...14 Apr, 2020, 03.23 PM IST
- India plans to top up strategic tanks with cheap Saudi, UAE oil: SourcesGlobal oil prices have fallen around 40% in March as the impact of coronavirus pandemic has destroyed demand.17 Mar, 2020, 05.59 PM IST
- Abu Dhabi oil company hires India's strategic oil storageADNOC had in February this year signed a pact to fill half of the 1.5 MT strategic oil storage at Mangalore. On Monday it signed a similar ...12 Nov, 2018, 07.28 PM IST
- Crude reserves filling to begin after March 2016The process of filling India’s two new strategic petroleum reserves could begin only after March as pipelines connecting the caverns to the...10 Dec, 2015, 04.00 AM IST
- Pipeline delays hold up new strategic oil reservesThe pipelines, long delayed due to landowners’ protest, will now be ready by March, said the ISPRL executive, requesting anonymity.09 Dec, 2015, 04.24 PM IST
- Government to build strategic crude oil storage capacity at four new locationsThe project, which is being implemented byISPRL, will be set up in Bikaner, Rajkot, Chandikhol and Padur.07 Aug, 2013, 11.02 AM IST
- HCC secures Rs 375 cr contract for construction worksHCC bagged Rs 375 cr contract from Indian Strategic Petroleum Reserves for construction related works in Karnataka.30 Dec, 2009, 01.24 PM IST
- Vizag to host India's strategic crude reserveIndia is planning to build its first strategic crude reserve at Visakhapatnam in Andhra Pradesh. The reserve will be in an underground rock...05 Dec, 2006, 03.25 AM IST
- CCEA clears 5m-tonne strategic oil reserveThe Cabinet Committee on Economic Affairs (CCEA) on Friday approved building 5m tonnes of strategic crude oil reserves at an estimated cost...07 Jan, 2006, 02.50 AM IST
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