Big Boost !! INDIA Aims to Double Filling Crude Oil in Caves 🔥 Billions Profit

Crude Oil Buffer:- Two more commercial-cum-strategic facilities of 6.5 MMTstorage capacity to be established under phase-2
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Article:- https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1739019#:~:text=Under%20Phase%20II%20of%20the,2.5%20MMT)%20on%20PPP%20mode.
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Under Phase II of the petroleum reserve programme, the Modi Government has approved in July 2021 for establishing two additional commercial-cum-strategic facilities with a total storage capacity of 6.5 Million Metric Tonnes (MMT) underground storages at Chandikhol (4 MMT) and Padur (2.5 MMT) on Public-Private Partnership (PPP) mode.

Under Phase I of the strategic petroleum reserves (SPR) programme, the Government of India, through its Special Purpose Vehicle, ISPRL, has established petroleum storage facilities with a total capacity of 5.33 MMT.

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