97. Which of the following statements about Indian Strategic Petroleum Reserves (ISPR) is correct?
1.Currently, there are four such ISPRs at Visakhapatnam, Mangalore, Paddur and Chennai.
2. The crude oil storages are constructed in underground rock caverns as underground rock caverns are considered the safest means of storing hydrocarbons.
Correct answer code is:
To ensure energy security, the Government of India had decided to set up 5 million metric tons (MMT) of strategic crude oil storages at three locations namely, Visakhapatnam, Mangalore and Padur (near Udupi). These strategic storages would be in addition to the existing storages of crude oil and petroleum products with the oil companies and would serve as a cushion during any external supply disruptions.
The crude oil storages are constructed in underground rock caverns and are located on the East and West coast of India. Crude oil from these caverns can be supplied to the Indian Refineries either through pipelines or through a combination of pipelines and ships. Underground rock caverns are considered the safest means of storing hydrocarbons.