The Abu Dhabi National Oil Company (ADNOC) has agreed to fill the strategic crude oil reserve at Mangaluru starting May 2018. ADNOC will spend about $400 million on 5.86 million barrels of crude oil that it plans to store at the cavern. India will hold the rights over 65 per cent of the stored oil. The remaining 35 per cent could be used by ADNOC for commercial purposes – that is, trading or selling to refiners – whenever it wants.
LATEST
- [ May 1, 2026 ] Special railway project status granted to Tikiri-Kutrumali New Railway Line Project in Odisha Railways
- [ May 1, 2026 ] Maharashtra cabinet approves Rs 123.03 billion MAGESTIC scheme Power
- [ May 1, 2026 ] Ministry of Mines approves 58 companies under critical mineral recycling scheme Power
- [ May 1, 2026 ] Telangana government acquires Hyderabad Metro Rail Project Phase I Urban Infrastructure
- [ May 1, 2026 ] TRAI releases consultation paper on regulatory framework for V2X communication Telecom
- [ April 30, 2026 ] Ganga Expressway worth Rs 362.30 billion gets inaugurated Roads and Bridges
- [ April 30, 2026 ] Centre launches two new Amrit Bharat Express trains Railways
- [ April 30, 2026 ] 62 vessels to be added in 2026-27 with Rs 513.83 billion investment Ports & Shipping
- [ April 30, 2026 ] Ministry of Coal signs CMDPAs with UCG provisions for four commercial coal mines Power
- [ April 30, 2026 ] Maharashtra approves AI policy with Rs 100 billion investment target Telecom
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE