Bid & Tender

News

ISPRL Plans New Strategic Crude Oil Reserve in Madhya Pradesh

The Indian Strategic Petroleum Reserves Limited (ISPRL) is considering a new strategic crude oil reserve in Bina, Madhya Pradesh, to support inland refineries in northern India during supply emergencies.

 

The move aims to strengthen the country’s energy security and diversify storage locations.

 

To evaluate the feasibility of the Bina reserve, ISPRL has engaged Engineers India Limited (EIL) for a pre-feasibility study.

 

The study is expected to be completed within three to four months.

 

Bina, along with Bikaner in Rajasthan, has emerged as a potential location for both crude oil and natural gas reserves.

 

India’s existing Strategic Petroleum Reserves (SPRs) are located in Visakhapatnam (Andhra Pradesh), Mangaluru, and Padur (Karnataka), with a combined storage capacity of 5.3 million tons (MT).

 

The second-phase SPRs, currently under development at Padur and Chandikhol (Odisha), will contribute an additional 6.5 MT, primarily benefiting coastal refineries.

 

In a significant development, ISPRL is exploring India’s first-ever salt cavern SPR in Bikaner, Rajasthan, with a proposed capacity of 5 MT.

 

Salt caverns are considered highly efficient for hydrocarbon storage due to their natural insulation and structural integrity. Furthermore, ISPRL is examining the feasibility of establishing a natural gas reserve in the same region to bolster energy security further.

BACK

Related News