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| Name | In Depth: Strategic Petroleum Reserve |
| Video Uploader | Video From Sansad TV |
| Upload Date | This Video Uploaded At 17-10-2018 14:17:19 |
| Video Discription | At a time when there is immense volatility in global crude prices, the government is planning to increase its oil reserves. It has sought investments worth 1.5 billion dollars from global oil producers and traders to build additional emergency crude reserves to act as a buffer against volatility in oil prices. The plan is to build underground caverns that can hold 6.5 million tons of crude at two locations - in Odisha and Karnataka. India already has three underground storage facilities that can store 5.33 million tonnes of crude oil. These three Strategic Petroleum Reserves can help meet 10 days of crude requirement. The two new ones will stretch that supply to 12 more days. In this episode of In Depth, we explore at length what are Strategic Petroleum Reserves, why are these stockpiles needed and which are the largest oil reserves in the world. Anchor: Teena Jha |
| Category | News & Politics |
| Tags | In Depth | RSTV | Strategic Petroleum Reserves | India | Government | Phase II | crude oil | petroleum | petroleum reserve | underground caverns | energy security | oil | petrol | diesel | Chandikhol | Odisha | Padur | Karnataka. energy requirement | stickpiles | Dharmendra Pradhan | Petroleum Ministry | 12 days | Indian Strategic Petroleum Reserves Limited | USA | Oil Import | Iran Sanctions | China | Roadshow | Public Private Partnership |
