India’s Oil and Natural Gas Corporation (ONGC) will reserve half of its planned oil storage facility to meet the country’s strategic oil reserve needs.
ONGC announced in July 2026 that it would build a strategic petroleum reserve (SPR) with a capacity of 1.75 million tonnes in Mangaluru, Karnataka state, India. Mangalore Refinery and Petrochemicals (MRPL) already operates a 300,000 barrels per day refinery at the site and has leased half of the Mangaluru SPR. As per Indian rules, commercial use is allowed for part of existing SPR storage at three locations – Mangaluru, Padur and Vizag.
According to Reuters, junior oil minister Suresh Gopi said India has the capacity to store crude oil and petroleum products to meet 74 days of its net crude import needs, including inventories in refinery tanks, offshore facilities and its 35,000km pipeline network.
