India Expands Oil Storage Sites After Shock Supply Disruption | HappeningNow.news

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India Expands Oil Storage Sites After Shock Supply Disruption

India’s state-owned Oil and Natural Gas Corporation (ONGC), the top explorer in the country, will build a new storage site at Mangaluru t…

Source OilPrice AI Summary Updated 2h 02m ago
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India’s state-owned Oil and Natural Gas Corporation (ONGC), the top explorer in the country, will build a new storage site at Mangaluru to hold about 13 million barrels of oil as the world’s third-largest crude oil importer looks to boost its resilience to supply shocks. In the wake of the Iran war and the disrupted crude flows at the Strait of Hormuz, Indi…

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