Mangaluru, April 16, 2020: The Ministry of Petroleum and Natural Gas (MoPN) has decided to fill up its Strategic Petroleum Reserves (SPRs) in Mangaluru, Padur and Visakhapatnam despite Covid-19 scare.
The cavern with two chambers at Permude Strategic Petroleum Reserves (SPR) in Mangaluru has the capacity to store a total of 1.5 MMT crude oil. Each chamber can store 0.75 MMT of crude oil. The Padur SPR has a storing capacity of 2.5 MMT. This cavern is being inter-linked through an underground pipeline with the Permude SPR.
The low crude oil prices have prompted the Indian Strategic Petroleum Reserves Limited (ISPRL) to fill the SPRs to enhance the country’s energy security.
The IOCL, BPCL and HPCL and MRPL are associated in filling the three SPRs at Visakhapatnam, Mangalore and Padur in the first week of May.
“We are going the extra mile to meet India’s energy security in spite of #Covid-19 challenge. More crude oil cargoes, at low prices, are lined up to reach Mangalore port during April and early May to completely fill the Mangalore and Padur Strategic Petroleum Reserves (SPRs),” the MoPN tweeted.
Taking advantage of the low crude prices, ISPRL began filling India’s Strategic Petroleum Reserves to enhance the energy security of the nation. IOCL, BPCL and HPCL apart from MRPL are associated in this exercise to fill the three SPRs located at Visakhapatnam, Mangalore and Padur, said a tweet of ISPRL.