India has imported the first parcel of Iranian oil to partly fill the underground strategic oil storage it has built at Mangalore.
“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 (ISPRL),” the company said in a statement.
The first parcel of 260,000 tonnes of Iran Mix crude was received in very large crude carrier (VLCC), MT DINO.
The crude is being pumped into the underground Mangalore cavern for testing the facilities, it said. To ensure energy security, India has built 5.33 million tonnes of strategic crude oil storages at Vishakhapatnam, Mangalore and Padur (Near Udupi) in Karnataka.“These strategic storages would serve as a cushion during any external supply disruptions,” the statement said. “The strategic crude oil storage facilities are being managed by ISPRL, a special purpose vehicle,” it said.
Vishakhapatnam facility with a capacity to store 1.33 million tons was commissioned in June last year. “Mangalore facility with capacity of 1.5 million tonnes has started receiving crude today for testing the facility,” the statement said, adding the Padur facility is expected to be ready soon.