Next oil reserves plan by Sept, to see Rs. 14K-crore investment: ISPRL.

The next phase of India's strategic petroleum reserves programme will begin soon with the issuing of the request for proposals (RFP). It would require an investment of around Rs. 14,000 crore for developing 6.5 million tonne (MT) of reserves in this phase.

According to H P S Ahuja, managing director (MD) and chief executive officer (CEO) of the India Strategic Petroleum Reserves (ISPRL), RFP will be issued by September 2021. The focus this time will be on the public-private partnership (PPP) model. 

BS