Indias Ambitious Move: Strengthening Strategic Oil Reserves with New Plan
Summary India’s Strategic Petroleum Reserve (SPR) expansion represents a pivotal effort to enhance the country’s energy security by increasing crude oil storage capacity to cover 90 days of consumption. Initiated in 1998 following vulnerabilities exposed during the 1990 Gulf War, the SPR program seeks to safeguard India’s oil supplies against global market volatility and geopolitical […]