Lok Sabha Question No. 1056 (UNSTARRED), answered on 2024-02-08
Subject: Strategic Petroleum Reserve
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Manish Tewari

## STRATEGIC PETROLEUM RESERVE

## 1056. SHRI MANISH TEWARI:

## पेĚोिलयम और Ĥाक ृ ितक गैस मंğी

Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:

- (a) the details of the size of India's Strategic Petroleum Reserve and the number of days can our petroleum reserves meet our oil requirement, in the event of an emergency.;
- (b) whether the Government has devised a contingency plan to support our oil requirement in an event where India has depleted its Strategic Reserves, if so, the details thereof and if not, the reason therefor;
- (c) whether the Government is aware that members of  the International Energy Agency (IEA) have  Crude  oil  and/  or  product  reserves  equivalent  to  90  days  of  the  previous  year's  net imports;
- (d) if so, whether India follow this model and if not, the reasons therefor;
- (e) the status of Phase II of India's Strategic Petroleum Reserves Project;
- (f) whether it is true that certain Chinese gas companies affiliated with the Chinese Government have shown interest in participating in the said project; and
- (g) if so, whether the Government considers them as prospective partners in the said project and if so, the details thereof?

## ANSWER

## पेᮝोिलयम और ᮧाकृ ितक गैस मंᮢालय मᱶ रा᭔य मंᮢी ( ᮰ी रामे᳡र तेली )

## MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI RAMESWAR TELI)

(a) & (b)  Government of India (GoI), through a Special Purpose Vehicle called Indian Strategic Petroleum  Reserve  Limited  (ISPRL),  has  established  Strategic  Petroleum  Reserves  (SPR) facilities  with  total  capacity  of  5.33  Million  Metric  Tonnes  (MMT)  of  crude  oil  at  3  locations namely (i) Vishakhapatnam (1.33 MMT), (ii) Mangaluru (1.5 MMT) and (iii) Padur (2.5 MMT). These provide for about 9.5 days of crude oil requirement.

In addition, Oil Marketing Companies (OMCs) in the country have storage facilities for crude oil and petroleum products for 64.5 days. Hence, current total national capacity for storage of crude oil  and  petroleum  products  is  74  days.   Government  of  India  explores  various  options  on  an ongoing basis for increasing this storage, including through public private partnerships.

(c)  &  (d)  Membership  criteria  of  International  Energy  Agency  entails  that  Member  Countries maintain  Crude  oil  and/or  product  reserves  equivalent  to  90  days  of  the  previous  year's  net imports, to which Government has immediate access.

As India is an associate member of IEA, it is not bound to maintain the same. Storage capacity augmentation by the country however is an ongoing process.

(e)  In July 2021, Government of India approved the establishment of two additional commercialcum-strategic petroleum reserve facilities with total storage capacity of 6.5 MMT at Chandikhol (4 MMT) in Odisha and Padur (2.5 MMT) in Karnataka, on a Public Private Partnership mode.  The Land is yet to be allocated for both the locations by the respective State Governments.

(f) & (g) During the roadshow held in October 2018 at Singapore, Chinese oil major Petrochina, was  among  the  global  companies  that  had  shown  interest  in  participating  in  the  Request  for Proposals  for  Phase  II  of  commercial-cum-strategic  petroleum  reserve  facilities.  Bids  in  this regard have not been received so far.

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