Why INDIA is Filling it's Caves with OIL worth Billions || भारत गुफाओं में तेल क्यों डालता है

To ensure energy security, the Government of India decided to set up 5 million metric tons (MMT) of strategic crude oil storages at three locations namely, Visakhapatnam, Mangalore and Padur (near Udupi). These strategic storages would be in addition to the existing storages of crude oil and petroleum products with the oil companies and would serve as a cushion during any supply disruptions. The construction of the Strategic Crude Oil Storage facilities is being managed by Indian Strategic Petroleum Reserves Limited (ISPRL),MMT compartment at Visakhapatnam.
The Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek) is an intergovernmental organization of 13 countries. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has since 1965 been headquartered in Vienna, Austria, although Austria is not an OPEC member state. As of September 2018, the 13 member countries accounted for an estimated 44 percent of global oil production and 81.5 percent of the world's "proven" oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so-called "Seven Sisters" grouping of multinational oil companies. A larger group called OPEC+ was formed in late 2016 to have more control on the global crude oil market.

#Oil #OPEC #India
🔶INSTAGRAM- https://www.instagram.com/aakash_rb/
🔶KOO- https://www.kooapp.com/profile/powertrain
🔶Facebook- https://www.facebook.com/PowerTrainOfficial
🔶Twitter- https://twitter.com/PowerTrain_YT
🔶Discord- https://discord.com/invite/zYqWqCvhsT
Copyright Related Issue Please Contact

aakashbhavsar88059@gmail.com
OR
DM on Twitter - https://twitter.com/PowerTrain_YT

*DISCLAIMER*
CLIPS / IMAGES USED IN THE VIDEO ARE
-ROYALTY FREE
-IN PUBLIC DOMAIN
-CREATIVE COMMONS
-COMMON OWNERSHIP GIVEN BY GOVERMENT OF INDIA

Video is for educational purpose only. Copyright Disclaimer under section 107 of the copyright Act 1976, allowance is made for "fair use" for purpose such as critcism, comment, news reporting, teaching, scholarships, and research. Fair use is a use permitted by copyright statute that might otherwise be infrining. Non-profit, educational or personal use tips the balance in favor of fair use.

Видео Why INDIA is Filling it's Caves with OIL worth Billions || भारत गुफाओं में तेल क्यों डालता है канала PowerTrain