India Plans New Strategic Oil Reserve with ONGC

India's state-owned Oil and Natural Gas Corp (ONGC) is set to build a new strategic oil reserve site capable of holding up to 1.75 million tons or 12.8 million barrels, as part of the government’s effort to enhance energy security amid rising demand and global supply disruptions.

By Irina Slav Fri, July 10, 2026 at 10:30 AM GMT+3 2 min read · Yahoo Finance · July 10, 2026, 07:30 UTC

India Plans New Strategic Oil Reserve with ONGC

Topics: India energy policy ONGC strategic oil reserves

Read the full article at Yahoo Finance

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