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The storage would be filled by May, he said.
Of the crude stored, a part would be used for commercial purposes by ADNOC, while a major part would be purely for strategic purposes.
Indian Strategic Petroleum Reserves Ltd has built around 39 million barrels (5.33 million tonnes) of strategic crude oil storage at three locations — Padur and Mangaluru on the western coast and Visakhapatnam on the eastern coast.
The oil stored in the underground rock caverns at the three locations are to be used in an emergency.
“India currently has storages that can meet requirement for 66 days. The strategic storages can meet requirement of 10 more days,” Pradhan said.
The Visakhapatnam facility can meet two and half days need while Mangaluru can meet 2.8 days requirement. Padur can meet 4.7 days requirement, he said.
The Strategic Petroleum Reserves (SPR) at Mangalore consists of two compartments with a total storage capacity of 1.5 million tonnes (11 million barrels), he said.
While one compartment has been filled with crude oil through funds made available by the government, the other compartment will be filled by crude supplied by ADNOC, he said.
India imports over 80 per cent of its crude oil needs, out of which about 8 per cent is supplied by the UAE.
ADNOC hired the Mangalore storage just as it ended a contract to store 6 million barrels of crude oil at Korea National Oil Corp's Yeosu facility in the country's southwest coast.
South Korea had first right over the oil in the event of a supply emergency.
While the Vishakhapatnam storage of ISPRL has a capacity of 1.33 million tonnes (9.77 million barrels) of crude oil, Padur can stock 2.5 million tonnes (18.37 million barrels).