India hopes to purchase strategic reserve oil through tendering

According to Reuters news agency New Delhi on October 17, HPS Ahuja, chief executive of India’s strategic oil reserve company, said that India hopes to purchase 19 million barrels of oil in the next 3-4 months to fill a strategy in southern India. Oil storage facility.

H.P.S. Ahuja said the company will use tenders to purchase crude oil to fill the Padur strategic oil reserve in Karnataka, southern India, which can store 2.5 million tons of oil.

The Padur Strategic Oil Reserve Center is approximately 5 km (3 miles) from the coast and 40 km from the refinery of Mangalore Refining and Petrochemical Company.

India currently has strategic oil storage facilities in three locations in the southern region with a total storage capacity of 5.33 million tons.