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Indian Strategic Petroleum Reserves Limited (ISPRL) cavern at Mangalore received its first parcel of crude oil which consisted of 0.26 MMT of Iran Mix variety of crude brought on board very large crude carrier MT Dino. ISPRL cavern in Mangalore is one among three such strategic national reserves – the other two being at Padur in Udupi and Vishakapatnam in Andhra Pradesh. Located on the East and West Coast of the country, the three underground rock caverns with total capacity of 5 MMT can store crude oil that can be used to run refineries for approximately for 14-days. The work of laying a pipeline from Mangaluru cavern’s intermediary pumping station at Jokatte to Padur is underway and likely to be completed in another two-month time. The government is planning to set up two more reserves at Chandikhol in Odisha and Bikaner in Rajasthan with estimated storage capacity of 10MMT at an estimated cost of Rs 10,000 crore.
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