Government plans to build 3 strategic oil reserve
The government of India has plans to develop 3 new strategic oil reserves to boost its emergency stockpile and strengthen energy security. As per updates, the proposed sites are: Bikaner (Rajasthan), Mangalore (Karnataka), and Bina (Madhya Pradesh).
At present, India has reserves at Mangalore, Padur, and Vizag. For these proposed reserves, feasibility studies are underway, and federal approval will be required.
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