💨 Abstract

The Union Government is strengthening its strategic petroleum reserves, currently holding 5.33 MMT of crude oil at three locations. Plans to establish two additional commercial-cum-strategic petroleum reserve facilities with a capacity of 6.5 MMT are underway in Odisha and Karnataka. The government is diversifying crude oil imports from various regions and LNG sources, including the US, UAE, and Australia.

Courtesy: theprint.in

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