IOC gets 1st shipload of oil from UAE to fill strategic reserves

​​While the 5.33 million tonne of emergency storage -- enough to meet its oil needs for 9.5 days -- was built in underground rock caverns in Mangalore and Padur in Karnataka and Visakhapatnam in Andhra Pradesh by the government, state-owned oil firms have been asked to buy oil at cheaper rates from the market and fill them up.

from Energy-Industry-Economic Times https://ift.tt/3b7plkP