Oil and Natural Gas Corporation

Indian state-owned oil and gas company

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India expands oil reserves amid energy security concerns
business Jun 19, 2026, 5:14 PM
India expands oil reserves amid energy security concerns
  • India has directed ONGC to build a new strategic petroleum reserve facility in Mangaluru.
  • The new facility will increase India's emergency reserve capacity by one-third.
  • This initiative highlights India's focus on enhancing energy security amid global oil market volatility.
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