Govt approves two more new strategic oil reserves of capacity

Source: AIR What is the News? Under Phase II of the Strategic Petroleum Reserves Program, the Government has approved two additional commercial-cum-strategic facilities at Chandikhol (Odisha) and Padur (TN) under Public-Private Partnership (PPP) model. What are Strategic Petroleum Reserves(SPR)? Strategic Petroleum Reserves(SPR) are stockpiles of crude oil maintained by countries to handle the risk of… Continue reading Govt approves two more new strategic oil reserves of capacity