Sansad Tv
India is doubling down to build new strategic petroleum reserves (SPR) at six proposed locations in the quest for energy security in a volatile world. Emergency oil reserves that are stocked up while prices are low and released at times of exigencies are crucial for the world’s third-largest energy consumer, which imports 85% of its crude requirements. A media report quoting sources said that the government has asked state-run Engineers India Ltd (EIL) to make detailed feasibility reports (DFRs) to build such new reserves at six locations. This has come up due to the rising tensions in west asia. Earlier this month during the height of the Iran-Israel conflict there was fear that Iran would block the Strait of Hormuz, thereby impacting India’s oil imports.
Anchor: FRANK RAUSAN PEREIRA
GUESTS: Narendra Taneja, Energy Expert.
: Amb. Anil Trigunayat, Career Diplomat.
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