Mangalore refinery receives first crude parcel from Iran for strategic reserve
Mangalore Refinery and Petrochemicals Ltd. (MRPL) received the first parcel of crude oil for delivery into the Mangalore cavern of Indian Strategic Petroleum Reserves Ltd. The first parcel of 2.6 MMt of Iran mix crude was received in a VLCC and started pumping into the Mangalore cavern.
To ensure energy security, the Government of India had decided to set up 5.33 MMt of strategic crude oil storages at three locations namely, Vishakhapatnam, Mangalore and Padur (near Udupi). These strategic storages would serve as a cushion during any external supply disruptions. The strategic crude oil storage facilities are being managed by Indian Strategic Petroleum Reserves Ltd., a wholly owned subsidiary of Oil Industry Development Board under the Ministry of Petroleum & Natural Gas. The Vishakhapatnam facility, with 1.33 MMt, capacity was commissioned in June 2015. The Mangalore facility with capacity of 1.5 MMt has started receiving crude to test the facility. The Padur facility with 2.5 MMt capacity is expected to be ready by the end of this year.
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