ONGC Board approves 1.75 MMT strategic petroleum reserve project at Mangalore

ONGC's board has given the green light to a significant project to create a 1.75 MMT Strategic Petroleum Reserve at Mangalore, marking a major step in India's energy security strategy. This initiative aims to bolster the country's ability to manage oil supply disruptions and economic volatility. The project's approval underscores the government's commitment to safeguarding the nation's energy infrastructure against global market uncertainties, reflecting a strategic move to enhance self-reliance in critical energy resources.