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India expands oil reserves amid energy security concerns
Jun 19, 2026, 5:14 PM10
(Update: Jun 19, 2026, 5:14 PM)
business
informative
impactful
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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