ONGC Seeks Government Nod to Build 1.75 MMT Petroleum Reserve

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State-owned Oil and Natural Gas Corporation (ONGC) has announced plans to construct a petroleum reserve with a capacity of 1.75 million metric tonnes. The company intends to seek the federal government's approval to use the storage facility for commercial purposes. ONGC stated the reserve would be built in the national interest. The move is part of the company's broader strategy to strengthen India's energy storage infrastructure.

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