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India Orders Major Strategic Oil Reserve Upgrade – Energy News Beat
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India Orders Major Strategic Oil Reserve Upgrade – Energy News Beat

Energy News BeatThe Intersection Between Energy and FinanceIn a decisive move to strengthen its energy security amid recent global supply disruptions, the Indian government has directed state-owned Oil and Natural Gas Corporation (ONGC) to construct and fill a new underground strategic petroleum reserve (SPR) cavern at Mangaluru in Karnataka. The project, estimated at around $1.6...