India Eyes New Sites to Boost Strategic Oil Reserves

India Eyes New Sites to Boost Strategic Oil Reserves

India, the world’s third-largest crude oil importer, which depends on imports for about 85% of its daily consumption, considers building three new sites to raise its strategic petroleum reserves. Engineers India Ltd, a state-run engineering consultancy, is doing feasibility studies, L R Jain, chief executive at the state company managing the reserve, Indian Strategic Petroleum Reserve Ltd, told Reuters on Wednesday. “In case of exigencies, we wi…

India plans new strategic oil reserves to enhance energy security - The Canadian Media

#Strategic oil reserves# energy security# India crude imports# IEA New Delhi/IBNS-CMEDIA: India is set to expand its strategic petroleum reserves with the proposed construction of three new facilities aimed at enhancing energy security and meeting international standards for emergency oil stockpiles. The move, confirmed by L R Jain, CEO of Indian Strategic Petroleum Reserve Ltd

India accelerates plans for new strategic oil reserves

India accelerates plans for new strategic oil reserves July 3, 2025 Posted by: Quatro Strategies Categories: India, Oil & Gas No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !important;}.vc_custom_1533640275437{margin-bottom: 40px !important;pad…