Strategic Petroleum Reserve (other)
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Strategic Petroleum Reserve (other)
Strategic Petroleum Reserve may refer to: * Strategic Petroleum Reserve (China) * Strategic Petroleum Reserve (India) * Strategic Petroleum Reserve (United States) See also * Global strategic petroleum reserves Global strategic petroleum reserves (GSPR) refer to crude oil inventories (or stockpiles) held by the government of a particular country, as well as private industry, to safeguard the economy and help maintain national security during an energy c ...
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Strategic Petroleum Reserve (India)
Indian Strategic Petroleum Reserves Limited (ISPRL) is an Indian company responsible for maintaining the country's strategic petroleum reserves. ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas. ISPRL maintains an emergency fuel store of total 5.33 MMT (million metric tons) or of strategic crude oil enough to provide 9.5 days of consumption. Strategic crude oil storages are at three underground locations in Mangalore, Visakhapatnam and Padur (Udupi, Karnataka). All these are located on the east and west coasts of India which are readily accessible to the refineries. These strategic storages are in addition to the existing storages of crude oil and petroleum products with the oil companies and serve in response to external supply disruptions. Indian refiners maintain 64.5 days of crude storage, so India has overall reserve oil storage of 74 days. His ...
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Strategic Petroleum Reserve (United States)
The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for . The United States started the petroleum reserve in 1975 to mitigate future supply disruptions as part of the international Agreement on an International Energy Program, after oil supplies were interrupted during the 1973–1974 oil embargo. The current inventory is displayed on the SPR's website. , the inventory was . This equates to about days of oil at 2019 daily U.S. consumption levels of or days of oil at 2019 daily U.S. import levels of . However, the maximum total withdrawal capability from the SPR is only , so it would take about days to use the entire inventory. At recent market prices ($58 a barrel as of March 2021), the SPR holds over $14.6 billion in sweet crude and approximately $18.3 billion in so ...
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