India overhauled its policy to allow part of SPRs to be used commercially, mirroring a model adopted by countries such as Japan and South Korea that allows private lessees, mostly oil majors ...

ISPRL, which manages federal oil inventories, operates three strategic petroleum reserves (SPRs) in southern India with a combined capacity of about 5 million tons.

New Delhi: Mangalore Refinery and Petrochemicals Ltd (MRPL) has entered into a strategic deal to store its crude oil in the caverns of the Indian Strategic Petroleum Reserves Ltd (ISPRL).

ISPRL, which manages federal oil inventories, operates three strategic petroleum reserves (SPRs) in southern India with a combined capacity of about 5 million tons. Part of that capacity is used ...

Mangalore Refinery and Petrochemicals Ltd (MRPL) has partnered with Indian Strategic Petroleum Reserves Ltd (ISPRL) to allow MRPL to leverage storage capacity in ISPRL’s caverns. Mundkur ...

Leasing ISPRL's caverns eliminates the need for constructing and maintaining standalone storage facilities, significantly reducing costs, Mundkur Shyamprasad Kamath of MRPL said.

Saudi Aramco signed 145 agreements and Memoranda of Understanding (MoUs) worth around $9 billion at the In-Kingdom Total ...

Indian Strategic Petroleum Reserve Limited (ISPRL), the state firm managing India’s government petroleum inventories, has issued a tender notice to private firms inviting them to bid for a ...

Mangaluru: The Mangalore Refinery and Petrochemicals Limited (MRPL) entered into a strategic partnership with Indian Strategic Petroleum Reserves Limited (ISPRL). This partnership enables MRPL to ...

After exempting foreign companies, the Budget 2020-21 has exempted the income of Indian Strategic Petroleum Reserves Ltd (ISPRL) from taxes on transaction of crude oil stored in the underground ...