Government Approves 2 More Strategic Oil Storages in Odisha and Karnataka

The government has decided to set up two more underground crude oil storages in Odisha and Karnataka to increase emergency stockpile cover by 12 days to 22 days. The Cabinet has approved setting up of 4 million tonne (MT) storage at Chandikhole in Odisha and 2.5 MT storage at Padur in Karnataka. 

The announcement was made by the Finance Minister Piyush Goyal in New Delhi. The storages will be additional to the existing rock caverns to shore 5.33 MT of crude Visakhapatnam (1.33 MT), Mangalore (1.5 MT) and Padur (2.5 MT).
Source- DD News

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Dharmendra Pradhan is the present Minister of Petroleum and Natural Gas.