ISPRL

Indian Strategic Petroleum Reserves Limited.

[Ministry of Petroleum and Natural Gas #MoPNG @PetroleumMin]

Min. P&NG Shri @dpradhanbjp along with officials of MoPNG and @ISPRL1 held a meeting to review project implementation of India's Strategic Petroleum Reserves (SPR) Phase-II programme.

[Ministry of Petroleum and Natural Gas #MoPNG @PetroleumMin]

The Phase-II programme will be developing additional 6.5 MMT commercial-cum-strategic crude reserves to further strengthen crude storage capacity in the country to respond to any supply disruptions and crude price volatility.

[Ministry of Petroleum and Natural Gas #MoPNG @PetroleumMin]

India currently has operational 5.33 MT capacity of underground strategic crude reserves at Visakhapatnam, Mangalore & Padur. Another 6.5 MMT facility is coming up at Chandikhol & Padur under Phase-II.

[Ministry of Petroleum and Natural Gas #MoPNG @PetroleumMin]

Min. Shri @dpradhanbjp also encouraged @ISPRL1 to redefine its role and develop necessary competencies to emerge as a commercial entity in the crude supply chain of the country and to expedite the activities under Phase-II of commercial-cum-strategic crude reserves programme.

[ISPRL @ISPRL1]

@PetroleumMin @dpradhanbjp Definitely Sir, will make ISPRL as an industry leader in commercial cum strategic reserves

[ISPRL @ISPRL1]

Thanks to the initiative of the Government of India we have successfully filed Padur SPR at very low crude oil prices as per schedule.

[ISPRL @ISPRL1]

Taking advantage of the low crude prices, ISPRL started filling India’s Strategic Petroleum Reserves to enhance the energy security of the Nation. IOCL, BPCL & HPCL apart from MRPL are associated in this exercise to fill the three SPRs located at Visakhapatnam, Mangalore & Padur