Centre okays 2 more storage facilities for strategic oil reserves
The Centre gave its nod for setting up of two underground facilities to store crude oil for commercial and strategic purpose, under the second phase of the petroleum reserve programme, minister of state for petroleum and natural gas Rameswar Teli told the Lok Sabha in a written response on Monday.
The 6.5 million metric tonnes-capacity storage facility, for which the Centre had allocated a budget of ₹210 crore in the 2020-21 fiscal year, is proposed to be set up at Chandikhol (with 4MMT capacity) in Odisha’s Jajpur district and Karnataka’s Padur (having 2.5 MMT capacity) on public-private-partnership mode.
