New Delhi, March 9 (IANS) India currently has a total capacity for storage of crude oil and petroleum products for 74 days, which can help to tide over disruptions in case of adverse situations such as geopolitical conflicts, the Parliament was informed on Monday.”The government has established Strategic Petroleum Reserves facilities with a total capacity of 5.33 million metric tonnes (MMT), which can act as a buffer for short-term supply shocks such as geopolitical conflicts. This is meant to p…
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New Delhi, March 7 (IANS) Top government sources on Saturday allayed fears that current global energy situation can become a crisis for India, saying that the country currently holds over 250 million barrels (around 4,000 crore litres) of crude and petroleum products, providing about 7-8 weeks of buffer across the supply chain.These stocks are not held in a single location or a single form. They are distributed across above-ground storage tanks, underground strategic caverns, pipeline systems, t…