What portion of ONGC's new 1.75 million metric ton oil storage facility in Mangaluru will be reserved for India's strategic petroleum reserves, and who confirmed this?

India's Oil and Natural Gas Corp (ONGC) will reserve half of its planned 1.75 million metric ton (about 13 million barrels) oil storage facility at Mangaluru in Karnataka for the country's strategic petroleum reserves, as confirmed by junior oil minister Suresh Gopi during a statement to lawmakers.

How much strategic crude oil storage capacity does India currently have, and how many days of net crude import needs does it cover?

India has the capacity to store crude oil and petroleum products to meet 74 days of its net crude import needs, including inventories held in refinery tanks, offshore facilities, and its 35,000 km pipeline network.

India's ONGC to Reserve Half of New Oil Storage for Strategic Reserves

Aug 3, 2026

ONGC will reserve half of its planned 1.75 million metric ton oil storage facility at Mangaluru for India's strategic petroleum reserves. New Delhi is expanding capacity with private participation to meet import needs and enhance energy security.

reuters

2026-08-03

India's ONGC to Reserve Half of New Oil Storage for Strategic Reserves

2026-08-04

Top India Oil, Gas Producer Beats Profit Estimate on Price Surge

2026-08-04

India's ONGC posts profit jump as crude price surge boosts margins

2026-08-05

India Eyes Venezuela Blocks Operatorship; Regains Russia's Sakhalin-1 Stake

2026-08-31

India's ONGC to invest 1 trillion rupees for deepwater exploration, says chairman