Business Today

India's strategic petroleum reserve levels at 55% capacity, says official

India has three strategic reserves in the southern cities of Vizag, Mangalore and Padur.

twitter-logo Reuters   New Delhi     Last Updated: September 16, 2019  | 15:00 IST
India's strategic petroleum reserve levels at 55% capacity, says official
"Vizag is currently filled up to 100 percent," the official said.

India's strategic petroleum reserves stand at 55 percent of available underground storage capacity of 5.33 million tonnes, a top government official told Reuters on Monday.

He did not wish to be identified as he was not officially authorised to speak on the subject.

India has three strategic reserves in the southern cities of Vizag, Mangalore and Padur.

"Vizag is currently filled up to 100 percent," the official said, and added that Mangalore and Padur are currently around 55 percent and 25 percent respectively.

Saudi Arabia has assured Indian refiners of continued supply, the Indian government said after an attack on Saudi Arabia's crude oil facilities over the weekend.

Also read: Oil prices soar 10% after attack on Saudi facilities hits global supply

Also read: OPEC cuts 2020 oil demand forecast due to economic slowdown

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close