What is the capacity and location of ONGC's newly approved strategic petroleum reserve facility, and why is it considered nationally significant?

ONGC has been approved to construct a 1.75 million ton (approximately 12.8 million barrels) strategic petroleum reserve facility in Mangalore, Karnataka; the project is classified as being of 'national importance' and will be developed in accordance with directives from India's Ministry of Petroleum and Natural Gas.

How does ONGC's new reserve project differ from previous strategic storage initiatives in India, and who will manage it upon completion?

ONGC is the first Indian state-owned oil company to invest its own funds in building a strategic reserve, unlike earlier commercial storage facilities built by state refiners and producers; once completed, the facility will be managed by the Indian Strategic Petroleum Reserves Limited (ISPRL).

ONGC Plans Construction of 1.75 Million Ton Oil Reserve Facility

Jul 14, 2026

Indian state-owned ONGC approved a 1.75 million ton strategic oil reserve in Mangalore to enhance energy security. The national importance project will be managed by ISPRL and aims to meet one month of domestic demand.

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